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11 Oct 2017

Mobile sales decline by 30% compared to last year

The domestic mobile market has experienced a strong challenge since the liberalisation of the exchange rate last November, where the market witnessed a situation of rapid price increases during the past few months and following the flotation of the pound. The Central Bank of Egypt (CBE) had"...

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11 Oct 2017

Automotive companies fix prices after Automech Formula 2017 concludes

A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models.

With the recession plummeting market sales, customers are waiting for discount offers in the coming"...

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11 Oct 2017

Siemens to establish training facility in Ain Sokhna

Minister of Investment Sahar Nasr and German Federal Minister for Economic Cooperation and Development Gerd Müller laid the foundation stone of Siemens’ professional training center in Ain Sokhna Tuesday, an official statement said.

The"...

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11 Oct 2017

Egypt's inflation dips in September

Egypt’s key inflation indicators eased in September as the local market absorbed the impact of government fuel and energy price hikes earlier in the year, and analysts expect consumer prices to dip further in the coming months.

Annual"...

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11 Oct 2017

Hawkamah inks partnership with Saudi Governance Centre

Hawkamah, the Institute for Corporate Governance, signed an MOU with the Saudi Governance Centre at the Emirates Palace in Abu Dhabi. The event took place during the UAE–Saudi Business Forum that aims to bring leaders, government employees and decision makers together in order to increase"...

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11 Oct 2017

New York Jets Announce IdentoGO by IDEMIA as Official Identity Security and Biometrics Partner

Jets are First Professional Sports Partnership for the Identity-Related Services Brand Multi-Year Deal Includes Fan Hall of Fame Presenting Sponsorship (AETOS Wire) -- The New York Jets have announced today a new multi-year partnership with IdentoGO by IDEMIA, the country’s preeminent identity-related service provider and exclusive provider of TSA Pre✓®. The agreement marks IdentoGO’s first NFL partnership and first exclusive sponsorship in professional sports. The deal makes IdentoGO the Official Identity Security and......

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11 Oct 2017

Hurricane Electric Expands Global Network to East Africa Data Centre in Nairobi

(AETOS Wire) -- Hurricane Electric, the world’s leading IPv6-native Internet backbone, today announced that it has added a new Point of Presence (PoP) in Nairobi at the East Africa Data Centre. Located at the Sameer Industrial Park, Mombasa Road in Nairobi, Kenya, this is Hurricane Electric’s first PoP Kenya and third in Africa. The East Africa Data Centre is one of the most connected facilities in the region and boasts long distance fibre routes to Uganda, Tanzania, Rwanda, Burundi, Ethiopia and Somalia. Covering 2,000 m2 across four floors, the carrier neutral data centre offers N+1 cooling and power for its tenants as well as......

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11 Oct 2017

Parsons Acquires Williams Electric Company 

(AETOS Wire)-- Parsons today announced the acquisition of Williams Electric Company, a privately owned, value-added company specializing in control system integration, electrical and general contracting, and energy infrastructure solutions."...

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11 Oct 2017

Luxembourg and the United Arab Emirates to Cooperate on Space Activities with Particular Focus on the Exploration and Utilization of Space Resources

(AETOS Wire)-- Considering their common interest in the exploration, use and application of space for peaceful purposes, Luxembourg and the United Arab Emirates (UAE) jointly agreed on the opportunity to cooperate on space activities."...

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11 Oct 2017

SHUAA Capital Completes Second Regional Hospitality Project and Hands Over to Rotana Marking Launch of Centro by Rotana

As part of its Middle East and North Africa strategy, SHUAA Capital one of the Middle East region’s leading financial services firms announces the completion of the development of the second joint hospitality project in Saudi Arabia."...

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