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07 Oct 2014

UAE's Gulf Capital acquires stake in Egypt's MEG

Gulf Capital, the Abu Dhabi-based alternative investment firm, announced it has acquired a minority stake in Egypt's Middle East Glass Manufacturing (MEG), though the company did not disclose the percentage of the stake it bought or how much the firm paid for it, Arabian Business reported.

MEG"...

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07 Oct 2014

Egyptian expat remittances hit highest level ever, boosts economy

Remittances from Egyptians working abroad rose to its highest level ever, boosting their home economy according to new Central Bank data. The remittances registered a high of US$18.45 billion in fiscal year 2013-2014, compared with $18.4 billion during the 2012-2013, according to a statement by the central bank.

“Remittances play a big role in...

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07 Oct 2014

EGAS pumps $4 billion to increase gas production in 2014/2015

The state-owned firm Egyptian Natural Gas Holding Company (EGAS) plans to increase its gas production with investment worth US$4 billion during the year 2014/2015, said EGAS Chairman Khaled Abdel Badie said in a statement on Thursday. EGAS Chairman explained that the company has finished four projects among the 10 projects for natural gas which will be developed...

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07 Oct 2014

Coty Inc. Offers to Buy Bourjois Cosmetics Brand from CHANEL to Strengthen Its Global Leadership Position in Color Cosmetics

(ME NewsWire) -- Coty Inc. (NYSE:COTY) and CHANEL today announced that Coty has submitted a binding offer to acquire the Bourjois cosmetics brand from CHANEL for 15 million Class A Coty shares. CHANEL has agreed to enter into exclusive"...

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07 Oct 2014

The Estée Lauder Companies Inc. Appoints Nancy Mahon to Senior Vice President, Global Philanthropy and Corporate Citizenship

The Estée Lauder Companies Inc. (NYSE:EL) announced today the appointment of Nancy Mahon to Senior Vice President, Global Philanthropy and Corporate Citizenship, reporting directly to William P. Lauder, Executive Chairman, The Estée Lauder Companies Inc. Ms. Mahon will continue"...

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07 Oct 2014

Patton Will Unveil Self-Provisioning CPE at BroadSoft Connections

Patton’s split configuration domain on SmartNode E-SBCs enables secure touchless turn-up of BroadWorks SIP trunks with remote management all the way to the customer premise.


SmartNode™…"...

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07 Oct 2014

Amazon Kindle Fire Tablets with SlimPort Give a Whole New Dimension to Content Enjoyment

(ME NewsWire) -- The newly released Amazon Kindle Fire tablets – Fire HDX 8.9, Fire HD 6, Fire HD 7 and Fire HD Kids Edition - display an array of attractive features, including faster processors, the Fire OS 4 operating system,"...

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07 Oct 2014

ISACA Launches New Cybersecurity Certificate

Global IT association ISACA—creators of the Cybersecurity Nexus (CSX)—launched the Cybersecurity Fundamentals Certificate today. Intended for university students and recent graduates, entry-level security professionals, and those seeking a career change, the certificate is knowledge-based"...

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07 Oct 2014

cloudBuy Partners with SYNISE to Deliver eMarketplace in India

cloudBuy plc, the cloud eCommerce marketplace, has announced an MOU with SYNISE, a leading procurement service provider in India and part of the Kalyani group, to deliver a B2B eMarketplace and ‘Source India’ initiative in support of the Indian Government’s “Make in India” campaign.


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07 Oct 2014

Bulgaria Takes Yet Another Step towards Election Modernization

Smartmatic, the world’s number one voting technology and services company, has successfully implemented a fully verifiable electronic voting solution in Bulgaria for its Parliamentary elections held on 5th October.


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