FINANCE & ECONOMY

16 Sep 2014

Leading German Manufacturer Successfully Leveraging Rimini Street SAP Support Since 2010

Sympatex Holding Cuts IT Costs, Gains Comprehensive Tax, Legal and Regulatory Updates for ECC 6.0 System with Independent Support


Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG’s (NYSE: SAP) Business"......

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16 Sep 2014

Shell Launches Shell Helix Ultra with Shell PurePlus Technology

Shell Lubricants in the Middle East, Central Asia and Pakistan, today announced the launch of next generation motor oil, Shell Helix Ultra with Shell PurePlus Technology - the company’s most advanced motor oil ever, featuring base oil developed from natural gas. A launch event took"...

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16 Sep 2014

MKU Introduces 6th Generation Armour Technology – Sets New Benchmarks for Performance and Mission Capabilities of Armoured Helicopters

MKU has introduced its 6th Generation armour technology - Polyshield V6. The new technology reduces the weight of the armour of a helicopter by up to 40% and is almost 30% thinner than standard solutions. The reduced weight improves the performance and mission capability of armoured helicopters."...

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16 Sep 2014

Bavarian Red Cross Selects LIFEPAK® Monitor/Defibrillators

One of Europe’s Largest Ambulance Services to Deploy LIFEPAK 15 and LIFEPAK 1000 System Wide across Southern Germany

Germany’s Rettungsdienst"......

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15 Sep 2014

Troubled factories must solve banking problems with banks: Abdel Nour

Troubled factories must solve their problems directly with banks, rather than with the ministry, said Minister of Industry and Trade Mounir Fakhry Abdel Nour.


The state banking system, under the Central Bank of Egypt (CBE)’s leadership, has launched several initiatives postponing tourism debt payment to banks"......

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15 Sep 2014

Egypt takes steps to increase Egyptian products in Russia

During his visit to Moscow this week, Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour assigned the Egyptian embassy’s trade office to study expansion in trade centres showcasing Egyptian products.


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15 Sep 2014

Two new oilfields found in Egypt

Egypt's national oil company Egyptian General Petroleum Corporation has announced the discovery of two new oil reservoirs in the Gulf of Suez and the Western Sahara.


Each reservoir has a capacity of 600 barrels of oil production per day, Egyptian"......

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15 Sep 2014

Egypt urges global support to curb flash floods in Sinai

Egypt called on Sunday for global support and cooperation to address the seasonal flash floods that cause great losses in the mountainous Sinai Peninsula.


The appeal was made during the second Arab Conference on Disaster Risk Reduction which kicked off on Sunday in the Egyptian tourist resort of Sharm el-Skeikh."......

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15 Sep 2014

Egypt's Al-Azhar University to partially close dorms

Al-Azhar's student residences were a hotbed of unrest following the ouster of Islamist president Mohamed Morsi last year.

Cairo's Al-Azhar University will close some of its dormitory buildings over concerns of a repeat of last year's violent confrontations between the university's students and police, which often kicked off from the campus dorms.

...

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15 Sep 2014

Egypt's stocks continue slide on profit taking, SODIC rights issue

Profit taking ahead of holidays and reshuffling of LE1 billion SODIC rights issue drive main index down to 9,427 points on Sunday amid weak turnover.

Egypt's shares slid on Sunday as investors sought to cash in on profits after a six year high earlier this month and gain liquidity in anticipation of an important rights issue by property developer Six...

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