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15 Jun 2015

‘ADP Traffic Investigations’ Increases Traffic Control on Roads during Ramadan

During the holy month of Ramadan, the Traffic Investigations Branch at the Traffic and Patrols Directorate at the Abu Dhabi Police will be intensifying traffic control on roads in the city and near markets, commercial centers, and mosques. This comes within the traffic safety plan launched"...

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15 Jun 2015

Velcro Companies to Acquire Belgium-Based Specialty Weaving Manufacturers Alfatex and Gevaert

Velcro Companies, a global leader in fastening solutions, today announced that it has acquired Alfatex,"......

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15 Jun 2015

Thomas Cook Group Selects Coupa for Procure to Pay Solution

Coupa Software, the leader in cloud-based spend management, and Thomas Cook Group today announced the roll-out of Coupa’s Procure to Pay (P2P) solution across their European markets.


As"...

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14 Jun 2015

Emirati Metito pumps EGP 65m to desalinate seawater, sewage in 4 tourism projects: Managing Director

Metito, the company providing intelligent water management solutions in emerging markets, announced its participation in four tourism projects. The investment cost of the solutions the company offers to the projects is EGP 65m, according to a company official.


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14 Jun 2015

Hermes launches EFG Hermes Leasing with LE100 m capital

EFG Hermes (HRHO), the leading investment bank in the Arab world, announced today the launch of EFG"......

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14 Jun 2015

Nissan to negotiate with overseas suppliers to establish factory in Egypt: Cabinet

Nissan Motor Corporation plans to negotiate with its suppliers abroad to establish a factory in Egypt, according to a cabinet statement on Friday.


“We have a plan to attract suppliers working abroad to establish factories in Egypt,” said the Deputy Chairman of Nissan Motor Corporation in Africa, the"......

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14 Jun 2015

LE 126.3bln in oil product subsidies’ expenditure in FY13/14

Egypt has spent LE 126.3bln on oil products subsidies during the fiscal year (FY) 2013/2014, according to a US Energy Information Administration (EIA) report on Egypt’s energy released in June.


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14 Jun 2015

Egypt considers postponing fuel subsidy smart card system


Egypt's President Abdel Fattah al-Sisi asked his government on Saturday to consider postponing a smart card system for subsidised fuel which was due to come into effect in two days, state media said.


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14 Jun 2015

EGP steady at official auction, weaker on black market

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the U.S. dollar at a foreign exchange auction on Sunday, with black market rates slightly weaker.


The central bank has held the official exchange rate unchanged for four months since letting the pound"......

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14 Jun 2015

Egypt’s GASC buys 180,000 tons of Russian, Romanian wheat

Egypt’s state grain buyer, the General Authority for Supply Commodities (GASC), said on Friday it had bought 180,000 tons of Russian and Romanian wheat in a tender for July 11-20 shipment.


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