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30 Jun 2014

New Headquarters for Al Ain Traffic Section Facing the Correctional and Punitive Establishments

The Al Ain Traffic Section affiliated with the Traffic and Patrols Directorate at Abu Dhabi Police has started providing its services at a new location, to the south of the Punitive and Correctional Establishments.


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30 Jun 2014

MoI’s Ramadan Councils in Abu Dhabi to Start Tomorrow

The legal Ramadan Councils organized by The Ministry of Interior, represented by the Law Respect Culture Bureau at the General Secretariat of the Office of H.H Deputy Prime Minister & Minister of Interior, are scheduled to begin on Tuesday. These councils complement the initiative that"...

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30 Jun 2014

Abu Dhabi Police: 7 Green Application Methodologies in Dealing with Suppliers

Brigadier Saif Al Nuaimi: Methodologies achieve effective workplace practices because they constitute a system for the supply of environmentally friendly materials

The Abu Dhabi Police urged suppliers to contribute"...

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29 Jun 2014

New budget expected to include additional reductions to energy subsidies

President Abdel Fattah Al-Sisi charged the government with making additional reductions to energy subsidies in the new budget for 2014-2015, and demanded price changes to petroleum products, said Ashraf Al-Arabi, Minister of Planning. He said that, “these measures, and that they are"...

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29 Jun 2014

Fitch Affirms Egypt at 'B-'; Outlook Stable

Fitch Ratings has affirmed Egypt's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'B-'. The Outlooks are Stable. The issue ratings on Egypt's senior unsecured foreign and local currency bonds have also been affirmed at 'B-'.


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29 Jun 2014

Beltone Financial EGM approves 5 to 1 stock split

Beltone Financial Holding (BTFH) received shareholders approval for the 5 to 1 stock split to reduce the stock par value to LE 2 from LE 10 in an extraordinary general meeting (EGM) held on June 26.


THE"......

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29 Jun 2014

EFSA says HC Securities FV evaluation for EFG-Hermes is non-binding

Egypt's financial regulator is not obligated to take in consideration the evaluation done by HC securities to evaluate the Fair Value (FV) of EFG-Hermes (HRHO) shares since it did not request it, its chairman Sherif Samy told Alborsa Newspaper.


He"......

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29 Jun 2014

Egypt power crisis to crimp Ezz Steel's profits this year

Egypt's top steelmaker Ezz Steel (ESRS) will report lower profits this financial year compared with last year due to a power crisis in the country that has forced the company to import more material, an executive said on Thursday.


Egypt's"......

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29 Jun 2014

EFG Hermes says Beltone-Sawiris bid 30 % below fair share price

EFG Hermes (HRHO) said on Saturday an independent financial adviser had set its fair share price at LE 22.93 ($ 3.21) whereas the price offered by Beltone (BTFH) and New Egypt Investment Fund for a stake in the bank was 30 % lower.

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29 Jun 2014

HSBC sees huge opportunity for credit card growth: Bank’s head of retail and wealth management

With a growing reliance on e-payments worldwide, Egypt still struggles with a low credit card penetration. The Daily News Egypt sat down with Head of Retail Banking and Wealth Management at HSBC Ranjan Sen, to discuss the future of credit card usage in Egypt. Also on the table was the reason"...

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