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02 Aug 2017

GA Telesis and Tokyo Century Corporation Launch $1 Billion New Technology Engine Leasing Initiative

(ME NewsWire)-- GA Telesis and Tokyo Century Corporation announced today the launch of a new technology engine financing initiative focusing on a select group of new technology jet engines. GA Telesis has been an industry leading engine lessor since its inception in 2002 and has consummated well over 1,000 engine transactions. The new joint initiative will enhance GA Telesis’ current technology engine leasing business by implementing a more competitive cost of capital for longer-term and more structured transactions. The target portfolio will consist of the following engine models: General Electric GEnx, Rolls-Royce Trent 1000 and Trent......

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02 Aug 2017

GA Telesis Announces Another $1 Billion of Funding Capacity to Support its Expanding Inventory Leasing Business

(ME NewsWire)-- GA Telesis announced today the launch of a specialty finance unit, Structured Credit Products (SCP) to focus on structured financial solutions for airline, MRO, and OEM customers. The initial focus strategy will be inventory leasing. Going forward SCP will explore other aviation finance products including originated secured lending, trading in public and private debt, and investments in other aviation related financial instruments. SCP will be led by Stuart Weinroth, Vice President, an industry veteran with over 20 years of experience in the aviation finance and leasing sector. The initial SCP growth initiative will be enhancing......

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02 Aug 2017

Graminex L.L.C. Receives NNHPD Health Canada Approval for PollenAid® and Prostanex®

Graminex® LLC, producer of Graminex® Flower Pollen Extracts™, receives Health Canada Approval under the Natural and Non-prescription Health Products Directorate (NNHPD) for its PollenAid® and Prostanex® Flower Pollen Extract™ formulations.

Health"...

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02 Aug 2017

Egypt's soaring inflation hits food and drinks companies' profits

Egypt's rising interest rates and soaring inflation have hit second-quarter profits at some of the country's food and drinks companies, providing evidence that consumers' purchasing power is being squeezed.

Second-quarter net profits at ...

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02 Aug 2017

DP World Sokhna to launch major corporate sustainability programme in Suez and Sokhna

DP World, the leading global trade enable, today unveiled its corporate sustainability plan for for Suez and Sokhna with 11 projects benefitting around 7500 people in both cities. Ajay Singh, CEO, DP World-Sokhna, said: 'Corporate sustainability is at the heart of our business in countries and regions where we operate and we firmly believe that public-private partnerships are key in helping achieve tangible development for local people and their communities.” Kathryn Wightman – Beaven, Head of Sustainability at DP World, added: “We are delighted to see this programme in Egypt, which forms part of our global sustainability......

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02 Aug 2017

Wheat imports bill to rise by LE3bln

A prominent official at the ministry of finance expects that bill of wheat imports will be increased by EGP 3bn in the current fiscal year’s budget 2017/18 as the ministry of supply announced plan for boosting wheat imports to 7 million tons from 6.2 million.

Production"...

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02 Aug 2017

Currency difference enhances Etisalat Misr’s revenue growth in Q2 2017

The revenues of Etisalat Misr have increased during the second quarter (Q2) of 2017, achieving AED 568m, an equivalent of EGP 2.7bn.

On the other hand, the revenues of the company in dirhams have declined during the"...

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02 Aug 2017

Foreigners’ investments in Egyptian treasury bills increase by EGP 43.5bn in May 2017: CBE

Foreigners’ investments in treasury bills issued by the Egyptian government jumped by EGP 43.5bn in May to reach EGP 136.157bn compared to EGP 92.624bn in April 2017, according to the Central Bank of Egypt (CBE).

Foreign"...

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02 Aug 2017

Trade balance deficit dropped 43.8% in May 2017: CAPMAS

The trade balance deficit in May decreased to $2.32bn, down from $4.14bn in May 2016, marking a drop of 43.8%, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

The agency stated in"...

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02 Aug 2017

Egypt foreign reserves hit $36bn, highest since 2010

Egypt's foreign reserves reached $36.036 billion at the end of July, returning to pre-2011 levels for the first time since the 25th January uprising, the Central Bank of Egypt (CBE) announced on Tuesday.

Foreign net reserves jumped from $31.305 billion at the end of June"...

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