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27 Sep 2016

First-of-Its-Kind Fund Dedicated to Women in the Arab World Launched at UN General Assembly

In a historic step towards accelerating global efforts to enhance the status of girls and women worldwide, the NAMA Women Advancement Establishment (NAMA) – an organisation dedicated to developing opportunities for women – has launched the ‘NAMA International Women Fund’"...

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27 Sep 2016

GSMA Announces Full Speaker Line-up for Mobile 360 Series – Middle East

The GSMA today confirmed the final speaker line-up and agenda for its upcoming Mobile 360 Series – Middle East conference taking place in Dubai 17-18 October 2016. The mobile industry-focused event, which is now in its fourth year, brings together a world-class conference programme"...

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26 Sep 2016

World Organization of Governance & Competitiveness Launched During the Opening of 71st UNGA

During the 71st Session of the United Nations General Assembly, Prime Minister of Bangladesh, H.E. Sheikh Hasina, Heads of State & Government, UN Officials, Ambassadors, celebrities, private sector and hundreds of guests attended a High level Reception for the launch of the World Organization"...

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26 Sep 2016

A.M. Best Special Report: Pressure on MENA Reinsurance Market Persists as Regional Players Produce Mixed Earnings

Reinsurance markets in the Middle East and North Africa region (MENA) are generally perceived as a source of expansion, with continued market liberalisation and the gradual removal of sanctions from Iran expected to yield further opportunities for reinsurers. Furthermore, the robust, albeit"...

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26 Sep 2016

Egypt to tighten borders after migrant ship tragedy

CAIRO // Egyptian president Abdel Fattah El Sisi has ordered the tightening of border security after more than 160 mainly Egyptian migrants died when their Europe-bound boat sank in the Mediterranean.

During a meeting"...

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26 Sep 2016

‘Super Rate Hike’ Still Seen in Egypt as Devaluation Looms

Egypt’s central bank, which unexpectedly left borrowing costs unchanged last week, is keeping its powder dry for what one economist called a “super” rate increase.

Five out of 8 economists in a Bloomberg"...

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26 Sep 2016

[Egypt] Fawry connects 12 banks to mobile based electronic payment services

Fawry, an electronics payment company in Egypt has entered into a contract with 12 domestic banks to provide electronic payment services via mobile phones, according.

According to the company’s CEO Ashraf Sabry,"...

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26 Sep 2016

Egypt's economic woes 'fabricated' by Muslim Brotherhood: authorities

Egyptian authorities have arrested more than a dozen people for seeking to create "a negative atmosphere" through "creating crises", the interior ministry said on Saturday.

According to the ministry's statement, the"...

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26 Sep 2016

China’s CFLD determined to pump $20 bln into Egypt new capital city

Beijing-based Industrial city operator China Fortune Land Development Co., Ltd. (CFLD) is determined to carry out a ten-year investment scheme in Egypt, a delegation from the company tells Egyptian President Sisi.

The"...

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26 Sep 2016

Egypt’s Nasser Social Bank mulls launch of new savings certificates

Egypt's Nasser Social Bank (NSB) is studying launching a three-year savings certificate for Egyptian pounds compliant with Shariah, its chairman Mohamed Shoman announced on Sunday.

This comes as part of the bank’s"...

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