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06 Dec 2017

Employment continues to decline despite upturn for Egypt’s non-oil private sector

Employment levels in Egypt continued to decline for the 30th consecutive month in November 2017, despite expansion in the non-oil private sector for the first time in more than two years, as indicated by the Purchasing Managers’ Index (PMI) ...

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06 Dec 2017

Cairo hosts Belarus-Egypt wood processing business forum

The Belarusian-Egyptian business forum for wood processing companies and furniture makers is held in Cairo, BelTA learned from the press service of Bellesbumprom Concern. The Belarusian delegation is led by Deputy Chairman of Bellesbumprom Concern Gennady Dikovitsky. During the forum the"...

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06 Dec 2017

Egypt to host African business forum this week

Egypt will host six heads of state and Africa's leading CEOs at the Africa 2017 Forum, which will be inaugurated on Thursday in Sharm El Sheikh.

Over 100 speakers and 1,500 delegates will discuss regional integration"...

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06 Dec 2017

World Bank approves $1.15bn loan for Egypt

The executive board of the World Bank Group (WB) has approved on Tuesday a development policy loan for Egypt to support the country’s economic reform programs.

The $1.15 billion loan includes financing contributions"...

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06 Dec 2017

MultiBank Exchange Group Obtains BaFin License and Expands Its Business through Acquisition and Aggressive Growth

MultiBank Exchange Group (“MultiBank Group”) announced today that is has secured the German Financial Regulator’s approval to acquire 100% shares of MEX Asset Management GmbH and is now in the process of establishing its European headquarters in Frankfurt, Germany. The new"...

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06 Dec 2017

A Game-Changing Deal on the Polish Retail Market - EPP Becomes the Leading Shopping Centre Landlord with €692.1 Million Acquisition

(AETOS Wire)-- JSE listed Echo Polska Properties (EPP) today announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years. The acquisition from a consortium (owned"...

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06 Dec 2017

A.M. Best Affirms Credit Ratings of The Bahrain National Insurance Company BSC (c)

(AETOS Wire)-- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of The Bahrain National Insurance Company BSC (c) (BNI) (Bahrain). The outlook of these Credit"...

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06 Dec 2017

‘Vote of Confidence’ as GAC Wins the Topaz Excellence in Logistics Award

The GAC Group walked away from the Lloyd’s List South Asia, Middle East and Africa Awards 2017 with The Topaz Excellence in Logistics accolade. The Award was received by Meena Mathews, Regional Manager P&I – Middle East Region, at a ceremony held at Dubai’s Palazzo Versace Hotel. It recognises the ability to provide a complete logistics service package with end-to-end supply chain management solutions across both land and sea within South Asia, Middle East and Africa and destinations outside the regions, and how services......

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06 Dec 2017

Sonlife Broadcasting Network Continues to Rely on SES Video for Pan-European Distribution

(AETOS Wire)-- The Christian multi-media network Sonlife Broadcasting Network has renewed its capacity agreement with SES to continue broadcasting the SBN TV channel across Europe.

Under"...

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06 Dec 2017

Andersen Global Initiates Expansion in Tanzania with East African Law Chambers

(AETOS Wire)-- Andersen Global is proud to announce its collaboration with East African Law Chambers, a leading legal and tax firm in Tanzania. The establishment of a Collaboration Agreement with East African Law Chambers demonstrates"...

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