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18 Aug 2015

MANN+HUMMEL Agrees to Acquire Affinia Group

  • Approximately USD 1 billion added to MANN+HUMMEL’s top line
  • Companies employ 20,000 worldwide
  • Global presence with complementary customer relationships and competencies
  • Combined 150 years of filtration know-how

The MANN+HUMMEL Group, ...

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18 Aug 2015

Parisian Shoe Brand, Bensimon Launches in Middle East

Bensimon, a brand of French heritage and an emblem of Parisian fashion, launches its iconic canvas shoe collection, Bensimon for the first time in the Middle East at Level Shoe District and House of Fraser. The lifestyle brand was launched in the seventies by Serge Bensimon in Paris.

...

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18 Aug 2015

Egypt's stock market makes slight retreat after Sunday's plunge

The Egyptian stock exchange's benchmark index EGX 30 dropped by 0.42 percent on Monday, after heavy buying by investors.


EGX 30 went down to 7,594 points, while the small and middle enterprises index EGX 70 and the broader EGX 100 also both fell by 0.02 and 0.62 percent, respectively.


"......

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18 Aug 2015

Keeping Up Connect With Arab World, Sushma Swaraj to Visit Egypt

India is readying for a major foray into the Arab world as part of its 'Link West' policy. After Prime Minister Narendra Modi's visit to the United Arab Emirates in his maiden visit to the Arab world, External Affairs Minister Sushma Swaraj will go to Egypt on August 23.

Thereafter, she will proceed to Germany.

Terrorism"...

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18 Aug 2015

Egypt, NAFTA to discuss economic cooperation Tuesday

A roundtable will be held Tuesday at the international business center of the Smart Village with member states of the North American Free Trade Agreement (NAFTA).


The meeting is organized by Global Trade Matters (GTM) with the aim to explore new opportunities for developing economic relations between Egypt and"......

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18 Aug 2015

VSUN Mobility launches Egypt operations

Dubai-headquartered VSUN Mobility, a global manufacturer of smartly priced new-generation smartphones, recently launched full fledged operations in Egypt by opening state of the art offices in Cairo and appointing International Business Systems (IBS), a leading Egyptian distributor, as Exclusive Partner.

The highlight of the event was the unveiling of...

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18 Aug 2015

Egypt's governments signs 56 MoUs for PV projects totaling 2.2 GW

Egypt’s Ministry of Electricity has signed 56 memorandum of understanding for the construction of wind and PV power plants with a combined capacity of4,300 MW across the country, according to The Cairo Post. These projects were selected through the country’s first gigawatt-scale renewable energy call for tenders. In January,"...

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18 Aug 2015

Human Rights Fears Over Egypt's New Laws to Stamp Out Dissent

The Egyptian government has approved draconian laws to combat terrorism and punish journalists who stray from the regime's official line.


Special courts will be set up, more pre-trial detentions ordered and hefty fines given for "false" media reports under the legislation passed by President Abdel Fattah al-Sisi.

......

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18 Aug 2015

Egypt Opens Gaza Crossing for Four Days

Egypt has opened its border with Gaza for the first time in two months, The Associated Press (AP) reported on Monday.


The Rafah border crossing opened Monday for four days, allowing Palestinian Arabs to travel in both directions, according"......

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18 Aug 2015

Egypt imposes strict, controversial anti-terrorism laws

Egypt introduced strict anti-terrorism laws on Monday in order to fight violent insurgency, but critics argue the laws will be used to crush dissent.


Egyptian President Abdul Fattah al-Sisi approved the laws Sunday night, which include imposing the death penalty for people found guilty of forming or leading a terrorist"......

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