FINANCE & ECONOMY

07 Jun 2018

IBC2018 Announces Telco and Media Innovation Forum amidst Plans for Record-Breaking Attendance

IBC2018, the world’s most influential media, entertainment and technology show – which last year attracted more than 57,000 attendees from 170 countries – today announces an all-new Telco and Media Innovation Forum to expand its position as one of the preeminent destinations for telecoms and emerging technologies. The collaboration will form part of the prestigious annual IBC show at the RAI in Amsterdam from Thursday 13 to Tuesday 18 September 2018. IBC2018’s focus on telecoms and smart connectivity comes at a time when the media and telecoms industries are becoming increasingly intertwined. Mirroring this trend, a cross-section......

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07 Jun 2018

Yokogawa Launches OpreX(TM) Profit-driven Operation Solution to Enable Integrated Plant Performance Management

(AETOS Wire) -- Yokogawa Electric Corporation (TOKYO:6841) announces OpreX(TM) Profit-driven Operation, a solution for process industries that drives seamless alignment with plant management objectives across the organization, from the operations"...

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06 Jun 2018

Egypt's second edition of Cairotronica probes future through media arts

In an attempt to spread awareness across Egypt about media arts, Cairotronica experimented with future possibilities in electronic art, while changing notions of technology, in its second edition that ran 5-11 May.

Carrying the theme, “A Future of Possibilities,”"...

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06 Jun 2018

Egypt to begin importing rice after slashing its own cultivation

Egypt will begin importing rice, a crop it has typically had in surplus, to increase stocks and “control the market,” Prime Minister Sherif Ismail said on Tuesday, months after a campaign to cut local production.

Egypt"...

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06 Jun 2018

Government accepts instalments for natural gas supply to 684,000 households

The Ministry of Petroleum and Mineral Resources approved an instalments system for natural gas deliveries to 684,000 customers across Egypt for a period of up to six years.

Minister of Petroleum and Mineral Resources"...

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06 Jun 2018

Hilton Hotels in Egypt partner with Egyptian Food Bank During Ramadan

Hilton hotels in Egypt partnered with the Egyptian Food Bank (EFB) this Ramadan, offering meals and food donations to those in need. Volunteers from Hilton Cairo hotels have also participated in EFB’s El Ozooma initiative on 28 May, offering full catering services to 200 individuals"...

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06 Jun 2018

Egypt's non-oil business activity slows in May, PMI shows

Egypt's non-oil private-sector business activity shrank in May amid contractions in new orders and outputs, a survey showed on Tuesday. The Emirates NBD Egypt Purchasing Manager's Index (PMI) for the private sector excluding the oil industry fell to 49.2 in May from 50.1 in April. A reading below 50 indicates a contraction; above, an expansion. A decline in new orders led to the shrinking of the business activity in May, the survey said. Output slightly declined to 49.3 in May from 50 in April, the survey showed, citing weaker......

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06 Jun 2018

Afreximbank to lend $1.5bln for projects in Egypt

The African Export-Import Bank (Afreximbank) intends to provide a loan of $1.5 billion to Egypt to fund various projects including oil and petrochemical projects, its President has said. The Cairo-based Bank finances and promotes intra- and extra-African trade. The funds are part of $10 billion loans to be extended by Afreximbank to a number of African countries to finance development projects, Benedict Orama told Thomson Reuters Projects in an interview on the sidelines of a press conference last week. The press conference, attended by Egyptian trade minister Tarek Qabil, was held to launch the first edition of Intra-African Trade Fair (IATF)......

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06 Jun 2018

Egypt Plans to Impose VAT on All Online Transactions

Egypt’s Tax Authority is actively studying imposing Value-added Tax (VAT) on online ad buys and e-commerce transactions. A move that would subject the online sale of goods and services to 14% value-added tax on both domestic players and global giants such as Google and Facebook.

"...

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06 Jun 2018

Trade Exchange Between KSA and Egypt Amounts $ 2.3 Billion

The Central Bank of Egypt has revealed that the volume of trade exchange between the Kingdom of Saudi Arabia and Egypt reached 2.3 billion dollars during the first half of the current fiscal year 2017-2018.
The Central Bank said in its report that the Kingdom's investments in"...

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