Latest in Tag: Business Highlight
Latest in Tag: Business
Powering economic equality: GE, Ashoka Changemakers and social entrepreneurs
Three social entrepreneurs will receive cash prizes from GE and Ashoka Changemakers in the Women Powering Work competition for innovations that will advance economic opportunities for women in the MENA region. Better integrating women in the labour market is good for all. When women have more cash, they better invest in nutrition, health and education. …
Syria war costs industry $2.2bn: Minister
More than 120,000 people have been killed in Syria’s war, and millions more forced to flee their homes.
OPEC oil output hits 2-year low in October
OPEC’s supply averages 29.90 million barrels per day, down from a revised 30.01 million bpd in September
Twitter set to make a splash on Wall Street
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Political and economic turmoil could drag on; businessmen must be patient and carry the cost of democracy: Abdel Nour
Abdel Nour affirmed that without cooperation and coherence from all segments of society, government and private sector, the business community and civil society, political and economic success would not be achieved, confirming that the current period would be long.
Britain to announce Islamic Index on stock exchange
Cameron will speak to more than 1,800 political and business leaders at the ninth World Islamic Economic Forum in London, the first held outside a Muslim country, as he attempts to build stronger financial links between Britain and the Islamic world.
Kuwait emir says ‘old concepts’ must change, urges reform
The emir’s announcement comes a day after the government said it planned to review subsidy policies and charges on public services and commodities.
Egyptian female youth and their labour market
Recently, I was stunned. I had quite a surprising experience while interviewing a young, Egyptian woman for a basic entry-level analyst-type position. From my perspective, the interview was going well. The young woman was bright and seemed to have many of the qualities I was looking for in a candidate. As we were wrapping up, …
Oil-rich Kuwait warns welfare state unsustainable
The programme up to the 2016/2017 fiscal year aims to review subsidies, charges and prices of public services, besides imposing a taxation system in a country that generates 94% of its income from selling oil and where individuals and corporates pay no taxes.
Sudan’s Bashir vows to work with South on Abyei
The Arab Misseriya tribe, who traditionally move back and forth through the area grazing their cattle, have rejected the one-sided ballot which is not sanctioned by the South Sudanese government.
Will Islamic windows be prohibited at traditional banks?
The conference demanded that traditional banks establish independent Islamic banks as a legal entity instead of threatening the work of Islamic banking with traditional banks.
Money doesn’t grow on trees but gold leaf does: study
Geochemist Mel Lintern said it appeared the trees sucked up the gold particles from 30 metres (100 feet) below the ground through their roots.
Dolphins inspire rescue radar device: Study
The device, like dolphins, sends out two pulses in quick succession to allow for a targeted search for semiconductor devices, cancelling any background “noise”, the team wrote in the journal Proceedings of the Royal Society A: Mathematical and Physical Sciences.
Apple unveils revamped iPads to beat back rivals
Some analysts, however, were upbeat after the US tech giant unveiled upgrades to its tablet devices, notebooks and desktop computers along with free software to sweeten the deal.
Local, foreign investors maintain confidence in Egypt potential: AmCham
Several companies announce plans to increase volume of investment.
Regional support braces Egypt while it works toward fiscal stability
Strong support from regional neighbours has helped buttress reserves, and GDP growth should tick significantly upwards next year, but fiscal health nonetheless represents a sticky challenge for whoever wins the forthcoming elections by next spring: traditional revenue sources such as tourism, taxation, exports and investments have declined, while government expenditures in the form of public sector wages and subsidies for both energy and food continued to expand.
Oil hits 3-month low as market awaits delayed US data
It later stood at $99.95, down 86 cents compared with Friday’s close.
Starbucks latest foreign target for Chinese media
The report on Sunday stated the price of a Beijing latte as CNY 27 ($4.42), compared with CNY 24.25 ($3.97) in London, CNY 19.98 ($3.26) in Chicago and CNY 14.6 ($2.39) in Mumbai.
World worries despite temporary truce in polarised US
The bad news for America’s worried friends is that new stalemates over budgets and borrowing are looming early next year.
Growth rate decreased to 1.5% in 2012/2013
The report showed that growth rate in 2012/2013 reached 2.1% compared to 2.2% in 2011/2012, 1.8% in 2010/2011 and 5.1% in 2009/2010.
Banque Misr President: Economic recovery will not be achieved without the return of security
Regarding application of a maximum wage, there is support inside the National Council for Wages for a maximum income with the exemption of banks due to their nature that requires the presence of capabilities and cadres with expertise.
Why Egypt’s bourse seems optimistic
Egypt Business Directory explores factors behind the EGX30 index surge on Thursday to its highest level in eight months. Where did the optimism come from to push the mark to 5765.8 points in that session.
Alternative payment methods generated for electricity bills
North Cairo Electricity Distribution Company and National Bank of Egypt sign agreement to receive payments online
Maritime Transport Sector seeks to implement efficiency measures
The width of the canal is not expected to exceed 250 metres, and would be wide enough for just one ship to pass through at a time, a process which takes two hours back and forth.
Ministry of Water Resources seeks alternative methods for increasing Egypt’s water share
The Minister of Water Resources and Irrigation for the El-Beblawi government, Dr Mohamed Abdul Muttalib, ruled out escalation with Ethiopia as a means solve the dam crisis.
Ministry of Electricity to receive bids for construction of first solar power electrical plant
23 Egyptian and international companies to take part in tender
Ministerial decision to promote investments in river transportation sector
A world conference is being held to present investment opportunities this coming December.
The Business of Education
University students and graduates reflect on the quality of education they received in Egyptian universities compared to the fees they paid
Egypt declines to 118th Position in the 2013-2014 Global Competitiveness Index
Egypt’s rank declined for the fifth year on a row, on a deterioration in the country’s performance in the basic requirements and efficiency enhancers.
Nintendo to stop making Wii console for Japan market
Since its release in 2006 Wii has sold more than 100 million units in the world.