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General Electric (GE)’s CEO John Flannery indicated on Tuesday that he was planning to find ways to increase the value of the company’s power, aviation, and healthcare sectors, after reporting $10bn in losses in its latest quarter. Reuters reported that Flannery responded to an analyst question on the subject by noting the possibility of “separately …
Egypt is a traveller’s delight as it brims with a treasure trove of sights with historical relevance. We look at some of the favourite hotels among the visitors.
Retail conglomerate Majid Al Futtaim’s $1.3bn investment plan in Egypt was announced when economic growth was still fledgling. But two years from then, the company and its CEO Alain Bejjani’s commitment seems to have paid off as Egypt’s economy surges. For Alain Bejjani, the reason for Majid Al Futtaim’s sizeable presence in Egypt is quite …
Siemen’s newest power project in Egypt will provide up to 14.4GW of energy, powering up the homes and businesses of about 15 million Egyptians. Emad Ghaly, CEO of Siemens Egypt, speaks of how the project would impact the country’s economy in the long term. How does the first phase of Siemens mega power stations in …
A year on from its currency devaluation, Egypt is brimming with opportunities for investments. Hesham Ezz Al-Arab, Chairman of the Commercial International Bank (CIB), talks of how the reforms have shaped the banking sector. How has the economic situation in Egypt altered after approximately a year since the decision to devalue the Egyptian Pound? We …
Sahar Nasr, Egypt’s Minister of Investment and International Cooperation, is a woman on a mission. Tasked with improving the investor confidence in an economy that is gradually but surely recovering, she is rebuilding Egypt’s framework to make it a top destination for investors in the Middle East and Africa. Sahar Nasr, Egypt’s minister of investment …