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06 Aug 2014

IFC Boosts Urban Development, Create New Jobs in Egypt

IFC and the European Bank for Reconstruction and Development (EBRD), are providing loans of $60 million each for a benchmark urban development project in West Cairo that is expected to create more than 2,400 new jobs. The loans will be complemented by a $20 million loan from the Commercial International Bank (CIB), a local Egyptian bank.

The"...

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06 Aug 2014

General Electric, Bechtel, and Cerberus Capital plan to increase investments in Egyptian market

Prime Minister Ibrahim Mehleb has received pledges from major US companies to invest in the Egyptian market, as part of the government’s efforts to attract more foreign investment and raise economic growth rates in an effective way.


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06 Aug 2014

Egypt makes necessary contacts to fix lull in Gaza -- FM

Egypt's Foreign Minister Sameh Shoukry reiterated Tuesday that his country is making necessary contacts to "fix the lull in the war-ravaged Gaza Strip to help the concerned parties start negotiations".

Shoukry made this remark while discussing with US Secretary of State John Kerry the latest developments in Gaza Strip in a telephone call, Foreign Ministry...

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06 Aug 2014

Bringing Cheer to the Elderly: HARTMANN Eid Celebrations at Old People's Home

PAUL HARTMANN Middle East, in partnership with Gulf Drug, organized a special event to celebrate Eid Ul Fitr at the Old People's Home in Sharjah, as part of the company's Corporate Social Responsibility initiative.


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06 Aug 2014

21st Century Fox Withdraws Its Proposal to Acquire Time Warner Inc.

21st Century Fox (NASDAQ: FOXA, FOX) today announced that it has withdrawn its proposal to acquire Time Warner Inc.

Chairman and CEO Rupert Murdoch commented:

“We viewed a combination with Time Warner as a unique opportunity to bring together two great companies, each with celebrated content and brands. Our proposal"......

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06 Aug 2014

Coca-Cola Invests an Additional US$5 Billion for Long-Term Sustainable Growth in Africa

The Coca-Cola Company and its African bottling partners today announced a new investment of US$5 billion during the U.S.-Africa Leaders Summit here. The investment, to be made over the next six years, increases its total announced investment in Africa to $17 billion from 2010 to 2020. The"...

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06 Aug 2014

New PET Market Spotlight: Putting Tanzania and Africa Region’s PET Industry on the Map

In the 1.5 day summit, brand owners, converters, bottlers, fillers, PET resin manufacturers, beverages majors and other stakeholders can look forward to information sharing on the lucrative PET business opportunities in the African region.


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06 Aug 2014

Photos and Video of Timex® IRONMAN® ONE GPS+ Are Available on Business Wire's Website and AP PhotoExpress

Photos and Video of Timex® IRONMAN® ONE GPS+ Are Available on Business Wire's Website and AP PhotoExpress

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06 Aug 2014

Vidyo Selected by IndusInd Bank for First “Face-to-Face” Online Banking in India

Vidyo, Inc., an innovator in visual communications, has been selected by IndusInd Bank, one of the fastest growing new-generation private sector banks in India, for Video Branch, a mobile and desktop-based banking service being deployed across the country. Video Branch, launched on June"......

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