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04 Aug 2015

H1 2015 Results

  • Adjusted revenues up +11.9% to €1,459.7 million
  • Adjusted organic revenues up +2.9%, with a moderate Q2 (+2.0%)
  • Adjusted operating margin of €285.7 million, up +11.3%
  • Adjusted EBIT, before impairment charge, of €134.6 million, up +8.2%
  • Net income Group share, before impairment charge, of €78.6 million, up 6.4%
  • Adjusted...

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04 Aug 2015

SkyTouch Technology Announces New Chief Executive Officer

SkyTouch Technology today announced the appointment of Jonah Paransky as the new chief executive officer of SkyTouch Technology, provider of the most widely used cloud-based hotel operating system. With over 20 years of experience in B2B software general management, product management and"...

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04 Aug 2015

Pushing the Envelope on Transparency and Disclosure

The region’s premier think tank and training centre the Arabia CSR Network will host two trainings in the month of September on the GRI G4 Sustainability Reporting framework. The framework is widely accepted around the world as a de-facto standard for reporting and disclosures on"...

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03 Aug 2015

New Suez Canal in Egypt to be inaugurated on August 6

The new Suez Canal in Egypt is all set to be inaugurated on August 6, 2015. The canal is a massive project completed in one year after it was initially projected to take three years. It adds a new water path of 72 km that were dredged to allow larger ships to pass and less time to be consumed."...

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03 Aug 2015

Egypt readies facilities for 1,000 factories project

Facilities works and roads for the 1,000 factories project in New Cairo in Egypt are being finalised, a top government official said, obstacles facing small investors in the region have been removed.

Facilities equipment is being transferred to another area of the industrial zone after work was completed in the 1,000 factories area, in order to implement...

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03 Aug 2015

Egypt to import 7.79m tonnes of LNG

Egypt expects to import 28.6 million tonnes of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said on Saturday.

The government expects to buy 7.79 million tonnes of LNG for $3.55 billion and 6.37 million tonnes of crude oil for $3.51 billion, the ministry said in...

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03 Aug 2015

PENTAX Europe GmbH Appoints Rainer Burkard President of Europe, Middle East and Africa Region (EMEA)

(ME NewsWire)-- PENTAX Europe GmbH, a division of HOYA Corporation, announced the appointment of Mr. Rainer Burkard to the position of President Europe, Middle East and Africa (EMEA) as of 1st August 2015. In this executive role, Rainer"...

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03 Aug 2015

Central Bank of Egypt announces drop in inflation rate

The Central Bank of Egypt (CBE) announced that, this year, the annual inflation rate has dropped to 11.39 per cent in June 2015 compared with 13.11 per cent in May, supported by a drop in fresh vegetable prices and despite the increase of the prices of some other food commodities.

...

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03 Aug 2015

Egypt’s pound steady at official market

The Central Bank of Egypt (CBE) kept the pound steady at 7.73 per dollar in a foreign exchange auction on Sunday, unchanged from last sale, the bank posted on its website.


Earlier"...

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03 Aug 2015

Egypt's Mobile phone subscribers inch up 0.3% in May 2015

The number of cell phone subscribers in Egypt inched up 0.3 percent to 96.03 million in May 2015, compared to 95.75 million in April 2015, according to a report issued by the Communications and Information Technology Ministry on Sunday. Meanwhile, the number of cell phone subscribers saw a 5.73 million decrease in May 2015 compared to the same"......

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