FINANCE & ECONOMY

20 Jun 2015

Egypt’s railway authority to develop 300 railroad crossings nationwide

The Egyptian National Railways authority (ENR) has signed a contract with the Arab Organization for Industrialization (AOI) Electronics Factory to develop 300 crossings nationwide, Youm7 reported Thursday.


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20 Jun 2015

Fitch affirms Egypt at 'B'; Outlook ‘Stable’

Fitch Ratings has affirmed Friday Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B' with a Stable Outlook.


The issue ratings on Egypt's senior unsecured foreign and local currency bonds have also been affirmed at 'B'. The Country Ceiling and the Short-term foreign currency IDR have"......

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20 Jun 2015

Egypt draft budget projects 9.9 per cent deficit, 5 per cent growth

Growth was projected at about five per cent versus a projected 4.2 per cent in the fiscal year ending on June 30.

Egypt’s cabinet approved a draft 2015-16 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing"...

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20 Jun 2015

Egypt re-closes the Rafah crossing until further notice

The Egyptian authorities on Friday re-closed the Rafah crossing south Gaza after it was opened for a week in both directions.

Director of the border crossing in the Gaza Strip, Maher Abu Sabha urged Egypt to open the crossing around the clock, since it"...

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20 Jun 2015

Mellanox Announces ConnectX-4 Lx, the Most Cost-Efficient 25/50 Gigabit Ethernet Network Adapter for Cloud, Web 2.0 and Enterprise Data Centers

Mellanox® Technologies, Ltd. (NASDAQ:MLNX), a leading supplier of high-performance, end-to-end interconnect solutions, today announced its ConnectX®-4 Lx"......

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20 Jun 2015

The Developers LLC Selects Yardi Voyager 7S for Retail Mall Operations in Abu Dhabi

Following an extensive selection process, The Developers LLC has chosen Yardi Voyager® 7S as its retail property and facilities management platform for the Dalma Mall, one of the largest shopping centres in Abu Dhabi, United Arab Emirates. The company will also implement Yardi Commercial"...

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20 Jun 2015

Mellanox Introduces the World’s First 25/100 Gigabit Open Ethernet-based Switch

Mellanox® Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end interconnect solutions for data center servers and storage systems, today announced the industry’s first 100 Gigabit Ethernet, Open Ethernet-based, non-blocking switch. Spectrum, the"...

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19 Jun 2015

Sweden Goes Contactless with ICA Banken Powered by Oberthur Technologies

Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, and ICA Banken - the first Swedish bank to do so - announce the launch of the first Dual Interface payment cards in Sweden. This is a major breakthrough in the Swedish payment market as customers"...

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19 Jun 2015

Erin Energy Commences Production From the Oyo-7 Well

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) announced today it has commenced production from the Oyo-7 well (“Oyo-7”) located in OML 120 offshore Nigeria. Erin Energy is the operator of the Oyo field and has a 100% interest"...

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18 Jun 2015

Egypt’s Amb, India’s FICCI head discuss boosting ties

Egypt's Ambassador in New Delhi Hatem Tag Eddin discussed on Monday 15/6/2015 with President of the Federation of Indian Chamber of Commerce and Industry (FICCI) Jyotsna Suri means of boosting bilateral ties.


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