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10 Apr 2015

Pershing Square Holdings, Ltd. (“PSH”) U.S. Shareholders Tax Reporting Information (PFICs)

Pershing Square Capital Management, L.P. (“Pershing Square”) today released the following statement:


PSH will use reasonable efforts to provide to self-identified U.S. shareholders of PSH for the 2014 calendar year, on a confidential basis only, information necessary for such a shareholder to satisfy"......

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10 Apr 2015

Hilton Hotels & Resorts Makes Rio Debut with Opening of Hilton Barra Hotel in Rio de Janeiro, Brazil

Hilton Worldwide today announced the opening of the new 298-room Hilton Barra hotel in Rio de Janeiro, Brazil – the company’s first hotel in this booming metropolis.

With a privileged location on Avenida Abelardo"......

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10 Apr 2015

High Dynamic Range Coming to Amazon Prime Instant Video This Year

Amazon (NASDAQ:AMZN) today announced that Prime members and customers in the US, UK and Germany will be able to watch titles in High Dynamic Range (HDR) this year. Amazon Originals will be the first to arrive in HDR video quality later this year. Amazon is working with Hollywood studios,"...

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09 Apr 2015

Jordan’s king confirms country’s readiness to help Iraq in liberating Anbar and Mosul

On Tuesday, PM Haider al-Abadi said that Iraq is fighting a war against terrorist organizations threatening the security of the region and the world, while Jordan’s King Abdullah II affirmed, during a telephone conversation with al-Abadi, his country’s full support for Iraq in"...

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09 Apr 2015

Shell to acquire BG for $70bn

Royal Dutch Shell agreed to take over British Gas (BG) for $70bn.


Shell and BG announced in a joint statement that the former will pay cash and shares with an estimated value of BG shares at about 1,350p, which represents a price premium of about 52% on the average share trading price, in 90 days.


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09 Apr 2015

Electronic visa potentially to boost tourism, draw new visitors

The government decision replacing the system of obtaining on-arrival tourist visas at airports with electronically-obtained visas is likely to boost the sector and draw in new tourists, officials and analysts said.


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09 Apr 2015

Egyptian-Sudanese agreement to provide postal parcels

The Egypt Post signed a joint agreement to provide postal parcels for outstanding customer service, according to an Egypt Post press release Wednesday.


During the Sudanese Post delegation visit to the Egypt Post Wednesday, they discussed ways of activating the memorandum of understanding between the Egyptian and"......

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09 Apr 2015

Broadband: A hidden treasure that could make every Egyptian $3,140 richer

Where should the global community focus its attention over the next fifteen years? Health, nutrition and education may seem like obvious top priorities but, more surprisingly, there is also a strong case for broadband access to be considered. Tripling mobile internet access from 21% to 60%"...

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09 Apr 2015

Arab Fund loans Egypt $216 m for power station


The Ministry of International Cooperation signed Sunday a KWD 60m (equivalent to approximately $216m) agreement with the Arab Fund for Economic and Social Development (AFESD) to support the West of Cairo"...

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09 Apr 2015

Production at gold miner Centamin Egypt rises 46% in Q1

Production at Sukari, the company's only producing mine, located on Egypt’s south eastern coast, reached 377,261 ounces in 2014.

Gold miner Centamin achieved output of 108,233 ounces in the first quarter of 2015, a 46 percent increase compared to the same period the previous year, the company announced in a statement on Wednesday.

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