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27 Mar 2018

Egypt economy stabliises under Sisi but prices remain to be tamed

Egyptian President Abdel Fattah al-Sisi has revived economic growth and tackled pressing problems in power and gas supply, but as he heads for a second term, he must juggle austerity under an IMF programme with the need to tame inflation.

Sisi"...

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27 Mar 2018

SAIC to set up car plant in Egypt

SAIC Motor seeks to set up a car-making factory in Egypt, the country’s Minister of Trade and Industry Tarek Kabil said on Sunday.

Kabil said in a statement that he reviewed with a visiting SAIC delegation the"...

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27 Mar 2018

Middle East and US visitors to drive Egypt's tourism recovery

Arrivals from the Middle East, North America and Africa will drive growth in Egypt’s tourism industry to 2021, according to the latest data published ahead of Arabian Travel Market 2018, which takes place at ...

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27 Mar 2018

Alta Semper Capital LLP commits US$18 million to Health Plus Limited, West Africa’s leading retail pharmacy chain

(AETOS Wire) -- Alta Semper partners with Nigeria’s leading retail pharmacy chain, HealthPlus: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180326006131/en/ Founded in 1999 by Mrs. Bukky George, Health Plus Limited (“HealthPlus” or the “Company”) is made up of approximately 80 retail outlets, making it one of the largest specialty retailers in West Africa. The investment from Alta Semper Capital LLP (“Alta Semper”) will enable HealthPlus......

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27 Mar 2018

Mitsui Chemicals to Launch MILASTOMER™ Production in North America

(AETOS Wire) -- Mitsui Chemicals, Inc. (TOKYO:4183)(President & CEO: Tsutomu Tannowa) has decided to set up a new production facility for MILASTOMER™ thermoplastic olefin elastomer at the Ohio-plant of its U.S. subsidiary Advanced"...

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27 Mar 2018

LINDA DOR Hospitality Group in Ghana to Benefit from Lower Electricity Cost and Higher Reliability Thanks to REDAVIA Solar

(AETOS Wire) -- LINDA DOR Hospitality Group, operating rest stops, restaurants and lodges in the Eastern Region of Ghana, chose REDAVIA, a global market leader of cost-effective, reliable rental solar power for businesses and communities, to implement its first solar farm for its group of companies. LINDA DOR is on the verge of uncovering the power of solar energy whereby the REDAVIA solar farm seamlessly complements electricity from the national grid, improving reliability and lowering cost. The benefits for LINDA DOR are compelling - firstly, cost savings of 50% per kWh of solar, leading to monthly savings on overall electricity costs of over......

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27 Mar 2018

UNCTAD and Alibaba Business School Kick Off eFounders Initiative for Asian Entrepreneurs

(AETOS Wire) -- The United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School today enrolled the first class of 37 Asian entrepreneurs for the eFounders Initiative at an opening ceremony held on the Alibaba"...

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27 Mar 2018

AerLine Holdings to Sell XTRA Airways

(AETOS Wire) -- AerLine Holdings has entered into negotiations to sell its wholly-owned subsidiary XTRA Airways. XTRA Airways has operated Boeing 737 aircraft in its charter fleet flying sports teams, rock bands, relief flights from Caribbean Islands including Puerto Rico, scheduled service between Saipan in the U.S. Mariana Islands and China, sub-service for tour operators within Europe, deportees for the U.S. Department of Homeland Security, and most recently supplying two highly customized executive 737 aircraft for the Hillary Clinton presidential campaign. XTRA Airways has an impeccable safety record, is one of the few charter carriers......

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27 Mar 2018

NTT DATA Selects Gestoos as Open Innovation Contest Champion

(AETOS Wire) -- NTT DATA, a global IT services provider, announced today that it has selected Barcelona-based startup Gestoos as the Champion of the Open Innovation Contest 7.0 based on its AI solution that enables content and services"...

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26 Mar 2018

Further privatisations announced in Egypt

The Finance Ministry announced last Sunday a list of 23 state-owned companies that will either sell their shares via an initial public offering (IPO) or increase the percentage of their free-floating shares on the local stock exchange.

Ten"...

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