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09 Jul 2015

Neff Capital Management Launches Sintavia with $10mm Investment

Neff Capital Management LLC, a private equity firm based in Ft. Lauderdale, FL, announced today that it has established a new company to focus on the additive manufacturing (“AM”) of production parts for aerospace and defense original equipment manufacturers (“OEMs”)"...

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09 Jul 2015

Ramadan Tournament for the Inmates of the ADP Punitive Establishments Concludes

The General Directorate of Punitive and Correctional Establishments at the Ministry of Interior has concluded the Ramadan Tournament held for the inmates of the establishment. The sports games were held as part of the directorate’s plans to create a recreational, educational and cultural"...

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09 Jul 2015

ADP Operations Department Crowned Champion of Ramadan Seven-a-side Football Tournament

The General Directorate of Punitive and Correctional Establishments at the Ministry of Interior has concluded the Ramadan Tournament held for the inmates of the establishment. The sports games were held as part of the directorate’s plans to create a recreational, educational and cultural"...

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09 Jul 2015

Hilton Worldwide Awards Travel with Purpose Action Grants

Hilton Worldwide (NYSE: HLT) today announced it is awarding more than $280,000 to 100 Hilton Worldwide properties and community organizations around the world as part of its Travel with Purpose Action Grant program. The grants are intended to support the development of local projects and"...

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08 Jul 2015

AP Photos: Egypt's urban expansion depletes Nile farmland

Lush green farms once stretched all around the Nile River, the fertile dark soil a vital source of life since the Pharaonic times, when ancient Egyptians developed some of the first sophisticated farming methods in the region.


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08 Jul 2015

Egypt’s ban on cotton imports threatens textile industry

Tuesday’s decision by the Egypt's agriculture ministry to temporarily ban cotton imports, it says to protect domestic cotton production, is stirring fears among experts that the country's own textile industry may end up paying the price.


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08 Jul 2015

Emaar Misr to buy back shares after stock falls in Egypt IPO

UAE Emaar’s Egyptian unit, Emaar Misr for Development, which started trading Sunday, offered to buy back 90 million shares through a fund after the stock plummeted on its second trading day, according to the state-run MENA news agency.


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08 Jul 2015

Dim international and domestic news pushes EGX down

Reports on the Greek economic crisis, the drop in China’s capital market, and the domestic fears of militant attacks continue to strike the Egyptian stock market, with the main index declining for the third consecutive day.


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08 Jul 2015

Negm, TE dispute settles unified licence file

A large-scale dispute was recently witnessed between the Ministry of Communications and government-owned Telecom Egypt (TE).


It started with the TE administration’s objections to the reduction of the infrastructure rental rate for Internet service providers.


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08 Jul 2015

4G licence proposal opportunity for TE to become integrated operator

Telecom Egypt (TE) may be forced to give up revenues estimated at EGP 20bn over the next five years, in case it acquires the 4G mobile licence. That is due to the stipulated licence regulations regarding giving up its share in Vodafone Egypt, in order to turn it into integrated operator."...

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