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21 Jan 2016

ITWORX Education announces the launch Of WinjiGo e-learning platform at BETT 2016

In its mission to bring transformative change in the education landscape through technology, ITWORX Education, a leading education services and software solutions provider, and a division of Cairo-based ITWORX, backed by EuroMena,"...

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21 Jan 2016

New lending rules in Egypt supports economy

International rating agency Moody's said the new standards issued by the Central Bank of Egypt (CBE) to give loans to Small and medium-sized enterprises (SMEs) will provide new jobs and cut unemployment rates, which reached 12.8 per cent last"...

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21 Jan 2016

Egyptian government provides optimistic view of ICT sector: Intel

Regional General Manager of Intel in the Middle East and North Africa (MENA) Taha Khalifa expects the information and communication technology (ICT) market to grow in 2016.

Khalifa noted that there are several investment opportunities in the field of cloud computing and the Internet"...

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21 Jan 2016

Negotiations continue with ADFD, IDB to determine size of contribution to development projects in Egypt: Nasr

Minister of International Cooperation Sahar Nasr said negotiations with the Abu Dhabi Fund for Development (ADFD) and the Islamic Development Bank (IDB) are still ongoing to determine the size of their contributions in the development projects in Egypt over the upcoming years.

The"...

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21 Jan 2016

Oil company investments worth $7bn for FY 2016/2017

Foreign partners’ investments in the oil sector amount to approximately $7bn for oil and gas research and exploration and development work for concession areas.


In statements made to Daily News Egypt, a prominent official at the Ministry of Petroleum claimed that foreign companies operating in the field of"......

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21 Jan 2016

Egypt’s National Bank applies for Yuan licence

National Bank of Egypt (NBE), the country’s largest state bank, is seeking a licence to conduct local-currency banking in mainland China, through its Shanghai branch.


NBE would be the first Egyptian, Arab, and African bank to join a growing list of foreign banks seeking to beef up yuan-related services amid"......

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20 Jan 2016

ZTE to Report 43.5% Jump in Full-Year Profit

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, issued guidance for full-year profit to increase 43.5%, with projected record-breaking revenue.


...

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20 Jan 2016

MENA Deal Value Declines in 2015 While Volume Improves On 2014

2015 has proven to be rather disappointing in terms of M&A activity targeting companies based in the Middle East and North Africa (MENA). Deal values have declined against an increase in volume year-on-year, according to Zephyr, the M&A database published by Bureau van Dijk. In"...

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20 Jan 2016

Modular Financial Services: The New Shape of the Industry

Financial services are becoming “modular”, with digital distribution platforms, new product providers, alternative sources of capital and a growth in outsourcing fundamentally reshaping the industry. This is according to ...

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20 Jan 2016

Abu Dhabi Police Reviews the 2016 Season Championships

The Directorate General of Strategy and Performance Development at the Ministry of Interior, represented by the Sports Activity Section, held a preparatory meeting to discuss the calendar of sporting activities for the 2016 season. The meeting was held at the Police Club in Abu Dhabi, and"...

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