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04 Dec 2017

First ‘Light Test Campaign’ in the Middle East

This first-ever ‘Light Test Campaign’ in the Middle East will run in the UAE from the 3rd of December to the 17th of December 2017, organized by Osram with the support of RTA and RoadSafetyUAE."...

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04 Dec 2017

Moody’s Analytics Expects GCC Economic Growth of 2.5% in 2018 According to New Forecasts

The Gulf Cooperation Council (GCC) region’s economy will grow near 2.5 percent in 2018, according to new forecasts from Moody’s Analytics, a leading provider of economic forecasts and data. Stable energy prices will underpin this growth, with the price for Brent crude oil fluctuating"...

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03 Dec 2017

Egypt, turkey sign investment partnerships worth 51 billion pounds: TUMAID

The Turkish & Egyptian Businessmen Association (TUMIAD) announced that the Turkish-Egyptian business forum ,entitled “Let’s Create Together', has succeeded in attracting Turkish investments of 51 billion Egyptian Pounds ($28.8 billion)into Egypt.

During"...

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03 Dec 2017

Egypt walks out of Nile Basin Discourse summit

Egyptian officials attending the Nile Basin Discourse Summit (NBDS) on Thursday walked out of the meeting aimed at promoting development in the catchment area.

Trouble began at around 4pm when officials from Egypt"...

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03 Dec 2017

UAE construction firm wins two new contracts in Egypt

UAE-based construction firm ASGC is expanding its overseas portfolio with the announcement of two new project wins in Egypt’s capital city of Cairo.

Emaar Misr has chosen ASGC as the main contractor for two"...

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03 Dec 2017

Mattis, Egypt’s President Discuss Defense Issues in Cairo

Defense Secretary James N. Mattis met Egyptian President Abdel-Fattah el-Sissi in Cairo today, Pentagon chief spokesperson Dana W. White said in a readout following the meeting. Mattis offered his condolences for the recent terrorist attack on a mosque in Bir al Abed, Egypt, she said. The defense secretary recognized Egypt as a strategic defense partner for the United States, Egypt’s importance to the stability of the Middle East, as well as Egypt's ongoing fight to counter terrorism and protect Egypt's borders, White said.......

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03 Dec 2017

Egypt, U.S. stress strategic cooperation in military domain

Egyptian President Abdel-Fattah al-Sisi met Saturday with U.S. Secretary of Defense James Mattis in the Egyptian capital Cairo to discuss strategic cooperation and joint counter-terrorism efforts. 'Sisi stressed the strength of the Egyptian-U.S. relations and their distinguished strategic aspects, urging to enhance all aspects of cooperation between the two sides particularly in the military field,' Egypt's presidential spokesman Bassam Rady said in a statement. He added that Mattis expressed U.S. keenness to promote cooperation......

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03 Dec 2017

$334bn total market cap of cryptocurrencies following Bitcoin surge

The total market capitalisation of all cryptocurrencies currently in circulation reached a record high of $334.5bn on Saturday, according to data from industry website CoinMarketCap, as a result of the recent Bitcoin price hike.

A"...

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03 Dec 2017

Nari, TSK compete to establish solar power plant in Kom Ombo

China’s Nari Solar Energy Technology and Spain’s TSK Group are competing on the tender launched by the New and Renewable Energy Authority (NREA) to establish a solar power plant in Kom Ombo, Aswan, with a capacity of 26 MW.

NREA"...

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03 Dec 2017

Egypt likely to extend gains on foreign and Arab investor purchases

Analysts expect Egypt shares to keep rallying as foreign investors likely to inject fresh cash hunting for higher yields in cheap stocks.

Last week, the market’s indices closed in the green zone amid foreign"...

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