FINANCE & ECONOMY

05 Jun 2018

Egypt's railway authority to run additional trains, carriages for Eid Al-Fitr holiday

The head of Egypt's Railway Authority (ERA) Sayed Salem announced on Monday that the authority would make available more trains and seats for passengers on various routes in preparation for the Eid Al-Fitr Holiday, Al-Ahram reported.

According"...

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05 Jun 2018

Telecom Egypt: Mobile services outside Egypt require significant resources

Telecom Egypt (ETEL) said that the project to provide mobile services outside Egypt requires large resources and long studies of investment opportunities. This came in a statement to respond to EGX inquires regarding what was published under the title 'Telecom Egypt Will Provide Mobile Services abroad before the end of 2018'. The company said it was committed to disclosing any investment opportunity when it completed its study, noting that this project requires significant financial resources. Telecom Egypt announced on May 24......

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05 Jun 2018

Egyptian manufacturers urged to support First EDEX in Cairo

Following immense support from the Egyptian Armed Forces, the Egypt Defence Expo (EDEX) 2018 has received extremely high demand from international and local exhibitors to promote their business to the Egyptian and international markets. EDEX 2018 is the first defence exhibition in Egypt,"...

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05 Jun 2018

Egypt’s Matouk Bassiouny advising on 25 IPOs, acquisitions

Egypt’s law firm Matouk Bassiouny is advising on 20 acquisitions and five initial public offerings (IPOs) through 2018, its founding partner Omar Bassiouny told Amwal Al Ghad on Sunday.

The IPOs are in the"...

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05 Jun 2018

OutSystems Raises $360 Million Investment from KKR and Goldman Sachs to Solidify Its Leadership Position in the Fast-Growing Low-Code Application Development Market

(AETOS Wire) -- OutSystems, the global leader in low-code rapid application development, today announced it has raised $360 million in an investment round from KKR and Goldman Sachs. The funding values the company at well over $1 billion, and the proceeds will be used to accelerate business expansion and for R&D in new advancements in software automation. The OutSystems low-code platform enables customers to achieve significant efficiency gains in building and supporting enterprise-grade applications. By leveraging automation, artificial intelligence, and deep technology integrations, software developers and business users can build applications......

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05 Jun 2018

Viking Proposed Acquisition of Tecnotree

(AETOS Wire) -- Following the Tecnotree AGM which took place last week, Viking’s nominees to the Tecnotree Board of Directors were not elected to the Board. This was an extremely disappointing result.

Viking"...

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05 Jun 2018

RAK Insurance wins ‘2018 UAE Medical Insurance Company of the Year Award’ at the Frost & Sullivan Middle East Best Practices Awards Banquet

RAK Insurance was named the ‘2018 UAE Medical Insurance Company of the Year Award’ at the 2018 Frost & Sullivan Middle East Best Practices Awards Banquet held on 14th May, 2018 at Atlantis, The Palm in Dubai. Ras Al Khaimah National Insurance Company (RAK Insurance) has more than 4 decades of experience in medical insurance with numerous offerings catering to both individuals and corporates. RAK Insurance offers the largest medical insurance offering to group clients with more than 250 products. It has a diverse portfolio......

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05 Jun 2018

Visa Announces Fast-Track Access to its Network and $100m Investment for European FinTechs

(AETOS Wire) -- Visa (NYSE: V) today announced two new programs designed to support European FinTechs who are developing the next generation of digital payment solutions.

Starting"...

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04 Jun 2018

Egypt DM Developments executing The Groove Sokhna flagship

Egypt property developer company DM Developments is implementing its first masterpiece flagship The Groove in Ain Sokhna, 120km (74.5 miles) east of Cairo, said managing director Ahmed Abdel Hamid on Sunday.

Abdel"...

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04 Jun 2018

Egypt DM Developments executing The Groove Sokhna flagship

Egypt property developer company DM Developments is implementing its first masterpiece flagship The Groove in Ain Sokhna, 120km (74.5 miles) east of Cairo, said managing director Ahmed Abdel Hamid on Sunday.

Abdel"...

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