FINANCE & ECONOMY

11 Jan 2015

Central banks watch: South Korea, Indonesia, Poland, Egypt and Chile to set rates, Lockhart to speak

South Korea and four emerging market economies are scheduled to review their monetary policies next week and the eurozone is widely expected to announce more stimulus measures, while the Fed is looking for more"...

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11 Jan 2015

Egypt signs six new oil and gas exploration agreements

Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry said on Friday.

The agreements provide for the drilling of some 41 discovery wells in the western desert and Gulf of Suez, the ministry said in a statement via the official news agency. Among the major...

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11 Jan 2015

Egypt’s Suez Canal hits Highest Revenues in its History – Official

Despite multiple challenges Egypt faced during 2014, the country’s vital waterway Suez Canal recorded its highest annual revenue since its inauguration in 1869, the canal’s head announced on Friday.


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11 Jan 2015

First ATM security cabinet to be introduced in Egypt

Cash Machine Services (CMS) is introducing a security ATM cabinet to Egypt, the first of its kind in the Middle East and North Africa region (MENA), said Khalid Abdel Wahab, CMS Board Member.


Abdel"...

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11 Jan 2015

Egyptian exports inched up by 0.15% during 2014

The total exports for 2014 registered $22.11bn, representing a 0.15% increase to the corresponding period the preceding year. The government set a target of $25bn and succeeded in accomplishing 88.4% of its goal.


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11 Jan 2015

Russian, Italian, Spanish offers to invest in Global Logistics Project

Russian businessmen strongly welcome the investment in the global logistics project in Damietta, according to Mikhail Orlov, President of the Russian-Egyptian Business Council.


During"...

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11 Jan 2015

National project for social protection launched in Egypt’s villages: Prime minister

The government’s national programme for social protection aims to ensure citizens’ basic rights to health and education and strengthening access to food and work. The project encompasses 250 villages in 11 provinces, according to Prime Minister Ibrahim Mehleb.


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11 Jan 2015

‘Dark Roast’: Tim Hortons Brewed Up Something Special This Weekend at Sky Dive – Dubai

This past weekend Tim Hortons gave its customers another reason to love coffee with the launch of its new Dark Roast blend, which joins the Company’s iconic Original premium blend. To celebrate, guests at “Skydive – Dubai” were invited to enjoy an enhanced tasting"...

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11 Jan 2015

MENA M&A Market Is Expanding Quantitatively and Qualitatively

The MENA M&A market depicted strong activity during 4Q2014, prolonging its steady performance of the last 2 years. The sustainable economic growth profile, driven by the large fiscal safety net, by the ongoing diversification away from hydrocarbons and by the progressive resurgence of"...

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10 Jan 2015

Egypt on FDI Injections

After several meetings with different foreign investors to pump money into the Egyptian economy, Minister of Investment Ashraf Salman opened up several new investment projects, such as the second phase of the Suez Canal and various other opportunities.


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