Latest in Tag: Business Highlight
Latest in Tag: Business
WTO’s global role hangs in the balance at Bali summit
“Now or never”, WTO chief tells high-stakes meeting
Inclusive entrepreneurship
Gedety was too good to be true. Yasser El Zahhar, its founder, had the idea to start a social business that would employ non-working Egyptian women to make products that working Egyptian women could use to make quick, but healthy meals for their families. All he would need to do is buy his agricultural …
Small and medium enterprises, victim of political unrest
Government interest in the sector fades and Central Bank postpones new initiatives
Arab Partnership encourages Egyptian agriculture
Nile Co. and Nakhla win the “Small Farmer Market Development and Investment Initiative” competition
WTO faces fight for survival at make-or-break summit
At stake is the future of trade multilateralism as regional pacts are increasingly favoured by major trading nations, such as the Asia-Pacific-focused Trans-Pacific Partnership (TPP) pushed aggressively by Washington, analysts said.
Insurance industry, big winner in Egypt’s unrest
Negotiations on investments are underway for insurance sector to fund national projects
The company is considering entering the lending market and financial intermediation
The restructuring of MIHC set up two companies: Misr Property Insurance and Misr Life
Dubai says will soon publish new Sukuk standards
New global issuance of sukuk has grown rapidly for most of the past several years and is projected to hit $237 billion in 2018, up from an estimated $100 billion this year
Will women Rise Up as Egypt’s entrepreneurs?
Rise Up, Egypt’s first major entrepreneurial summit held in Cairo on November 24-25 was a resounding success. It brought together many different and important players from the entrepreneurial ecosystem: investors, accelerators, corporates, civil actors and entrepreneurs. Between the panels, talks, workshops, hackathons, makeathons, and ideathons, it was hard not to be inspired or to …
Egypt to start fuel cuts in 2014: PM
In a country with an unemployment rate of 13 percent, mostly men aged between 15 and 29 years, and where 40 percent of the population lives below the poverty line, reducing government support for basic goods could lead to further turmoil.
Fuel crisis in Damascus as fighting blocks key highway
Dozens of cars idled outside the Azbakiya petrol station in a lengthy queue that wrapped into side streets in a bid to avoid blocking traffi
Iran oil, energy investment sanctions still in force : US
Iran and six world powers reached a breakthrough deal early on Sunday to curb Tehran’s nuclear programme in exchange for limited sanctions relief.
Pharmaceutical leader calls for hike in drug prices
Novartis’s vice-president also called for the Ministry of Health to formulate a clear system to guarantee the delivery of modern and innovative drugs as quickly as possible and at the appropriate prices.
Fund manager targets up to 10% of UK Islamic bond issue
The planned ‘sukuk’, announced by Prime Minister David Cameron in October, is expected to launch next year and become the first by a Western government.
Nokia shareholders approve mobile phone sale to Microsoft
Nokia’s share price has doubled since the plan was announced in early September with Microsoft agreeing to pay €5.44bn ($7.35bn) for the loss-making company’s mobile phone division.
Egypt most concerned nation about terrorism
Egypt enjoys most improved consumer confidence in the region in Q3, due to confidence in the new regime in terms of social justice and freedom
Executive Chairman: Egypt Gulf Bank aims to reach profits of EGP 178 million this year
Independent unit to manage small- to medium-sized projects will be launched before the end of this year
New mortgage and savings certificate products were released during the last quarter
The social businesses to turn Egypt’s black skies blue
It’s that time of year. Black skies over Cairo and all over Egypt’s Delta mean the rice farmers are burning their straw. They will be burning about four millions tonnes of rice straw these recent weeks so they can prepare their fields for the next planting season. While we’re all struggling a little bit harder …
African Development Bank unintimidated by turmoil in Egypt
The country was suffering from a breakdown in the security sector which discouraged foreign investors from doing business in the Egyptian market, in spite of the large investment opportunities.
Sukuk.. A financial tool falls victim to political conflict
Islamic bonds forced widespread criticism
Ahmed Al-Wakil: Fair prices will not be realised unless commodity exchange controls are established
Import duty solution does not take into account the fact that consumers bear the costs of company and state failures
Boeing sees Middle East market of $550 bn over 20 years
The U.S. plane maker looks set to dominate the show with over $100 billion of deals
Arab Spring economies hit by uncertainty: IMF
The economies of Arab countries rocked by the uprisings that swept the region two years ago, remain sluggish because of unfinished political transitions
Apple’s iPad Mini with retina display to go on sale Tuesday
Apple launched the thinner and lighter version of its tablet called “iPad Air” on 23 October and said an upgraded version of the iPad Mini will go on sale in November.
TPG, Abraaj team up against KKR for Saudi fast-food chain
Riyadh-based Kudu, which operates more than 200 restaurants in the kingdom, is owned by four individual shareholders, including chairman and chief executive Abdulmohsen Bin Abdulaziz Al Yahya
Euromoney: CI Capital to extend foothold in the Gulf
Atallah stated that the interim government’s main role is to target short-term remedies to deal with current economic issues to help set the base for recovery.
Euromoney: Egypt needs to compare itself with the competition in the region: CEO of GACIC
You can’t blame the political turmoil entirely as a reason. What we are experiencing here is a weakness that was in the Egyptian economy before 2011.
Mining, machine manufacturing and training are among the top sectors German investors would be interested in.
Euromoney: Nestle Egypt CEO: We’ve invested about LE1 billion over the past three years
Suresh Narayanan: We have 3,000 employees of which over 99 percent are Egyptians
Fire at Banha facility led to “significant” losses which the company recovered
Nestle Egypt to launch new annual projects to expand the company’s capacities and create more jobs
Indian mission to Mars blasts off successfully
After 44 minutes, applause broke out in the tense control room as navigation ships in the South Pacific reported that the spacecraft had successfully entered orbit around Earth.
Philippines checking on reports of abuse in Saudi crackdown
Del Rosario said there were believed to be 660,000 Filipinos working in Saudi Arabia although it remained unclear how many were illegals.
Syria pound surges against dollar: Trader
Since the eruption of an anti-regime revolt in March 2011, Syria’s pound has depreciated severely.