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28 Mar 2018

Central Holidays Expands Egypt Travel Programs

Central Holidays today announced the expansion of Egypt travel programs and a reaffirmed commitment to the destination, supporting the country’s efforts with a pro-active, Egypt-focused marketing campaign launched in February. “Egypt is a country of myths and mysteries that beckons with her wondrous sights and alluring mystique,” said Tewfik Ghattas, Board Member. “Our parent company, SGI, launched its first Nile River cruise ship back in 1986. Since then, our fleet has grown to 10 ships, all traversing the mighty......

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28 Mar 2018

Egypt's central bank expected to cut rates further this Thursday

Research firms are expecting the Central Bank of Egypt’s Monetary Policy Committee to cut interest rates again this Thursday on the back of further inflation easing, according to statements by EFG Hermes, HC Securities and Pharos Securities.

Both"...

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28 Mar 2018

Could new development plan save Egypt's state TV?

The head of the news sector at the Egyptian Radio and Television Union (ERTU), Khaled Mehanna, told local media March 13 that the union — which is Egypt’s public broadcaster — is getting ready to upgrade"...

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28 Mar 2018

Egypt's Qalaa continues soaring on refinery hopes

** Shares in Egyptian firm Qalaa Holdings jump 9.7 percent to 2.48 Egyptian pounds in heavy trade, have soared 78 percent so far this month ** Traders say investors looking to start-up of Egyptian Refining Co, in which it is a key shareholder; project's managing director told local media early this month that trial start-up would occur in third quarter, after mechanical preparations are completed in first half of 2018 ** Qalaa said in late February that Egyptian Refining Co had obtained about $500 million in additional financing for......

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28 Mar 2018

EGEMAC consortium to set up Naga Hammadi transformer station for EGP 721m

The Egyptian Electricity Transmission Company (EETC) has contracted with an Egyptian German Electrical Manufacturing Co (EGEMAC)-led consortium to set up a transformer station in Naga Hammadi at a cost of EGP 721m after winning the recent tender.

Gamal"...

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28 Mar 2018

Global Game Changers Descend on Sharjah for International Government Communication Forum 2018

Sean Spicer, former Whitehouse Press Secretary (2017), Nobel Peace Laureate Lech Walesa, former Polish President who played a leading role in the fall of communism in the Eastern Bloc, Sir Timothy Berners-Lee, inventor of the World Wide Web and Jimmy Wales, founder of Wikipedia are among"...

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28 Mar 2018

On World Water Day, Grundfos Renews Commitment to Save Water and make a difference

On the occasion of World Water Day, celebrated around the world on 22 March every year, Grundfos, the award-winning world leader in advanced pump and water application systems, renewed its commitment to make clean water available to people"...

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28 Mar 2018

FedEx Expanding E-Commerce Capabilities with Acquisition of P2P

(AETOS Wire) -- FedEx Corp. (NYSE:FDX) announced today that it has acquired P2P Mailing Limited, a leading provider of worldwide e-commerce transportation solutions, for £92 million. P2P’s capabilities complement and expand"...

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28 Mar 2018

Westinghouse Plan of Reorganization Confirmed

(AETOS Wire) -- Westinghouse Electric Company today obtained approval from the U.S. Bankruptcy Court for the Southern District of New York (the Court) of the company’s plan of reorganization (the Plan).

The"...

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28 Mar 2018

JCR Eurasia Rating Has Assigned Bahrain Middle East Bank B.S.C. Long Term National Credit Rating of ''AA-(Bhr)'' And Short Term National Credit Rating of ''A-1+ (Bhr)'' With ''Stable'' Outlooks on Both Ratings.

Bahrain Middle East Bank B.S.C. (henceforth the bank or BMB), was established in 1982 in the Kingdom of Bahrain. The Bank is licensed by the Central Bank of Bahrain (CBB) as a wholesale bank with rights to offer Islamic products. The"...

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