FINANCE & ECONOMY

11 Nov 2014

Citrus fruit export season begins, 1m tonnes expected to be exported: Citrus Committee Chair

On 20 November, Egypt will export its first shipment of citrus fruits for the 2014/2015 season, according to Mohamed Abd El-Hady, Chairman of the Citrus Committee at the Agriculture Export Council. He expects Egypt’s exports to reach approximately 100 countries this season.


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11 Nov 2014

Pepsico invests $270m in Egypt during 2014: Company MEA president

PepsiCo’s investments during 2014 registered $270m, with total investments over the past three years totalling $600m, according to PepsiCo President in the Middle East and Africa Omar Farid.

Pepsico remains committed to the Egyptian market, Farid added.


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11 Nov 2014

Nassef Sawiris appeal postponed to late November

Bulaq Misdemeanor Court has delayed hearing of the appeal submitted by Nassef Sawiris, Chairman of Orascom Construction Industries (OCI), against a six month prison sentence and a EGP50m fine worth for failing to pay the balance of a tax settlement with the Tax Authority regarding the sale"...

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11 Nov 2014

Biggest U.S. Trade Mission Shows Egypt Back in Favor After Rift

The U.S. sent its biggest-ever trade delegation to Egypt, the latest sign that the allies have repaired the rift that followed the army’s ouster of an elected president last year.


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11 Nov 2014

Travel, tourism return to Egypt after Arab Spring

Travel to Egypt has always been an adventure, playing into an inner Indiana Jones that craves a chance to come face to face with the deepest mysteries of civilization. And in Egypt"...

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11 Nov 2014

Gold price falls sharply in Egypt

Price of gold in Egypt fell sharply, suddenly and unexpectedly this week due to speculation in global stock markets, said Wasfy Amin, the head of the gold division at the Federation of Egyptian Chambers of Commerce. Wasfy pointed out that the local market is still facing almost complete"...

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11 Nov 2014

Post-Stabilisation Notice Regarding Pershing Square Holdings, Ltd.

Regulatory News:

Deutsche Bank AG, London Branch, acting in its capacity of stabilising manager (the “Stabilising Manager”), hereby gives notice in accordance with article 9.3 of Commission Regulation"...

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11 Nov 2014

11 Nov 2014

Thomas Casey Named Executive Vice President, Chief Financial Officer for Acelity

Acelity L.P. Inc. announced today the appointment of Thomas Casey, a well-respected financial leader, as Executive Vice President and Chief Financial Officer.


Tom brings to Acelity 30 years of financial accounting, reporting, planning and analysis experience, which include nearly two decades of roles in senior leadership."......

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