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Latest in Tag: Daily News


AB Maritime to launch Basra-Dubai line – Al Souob

By Rehab Saber Arab Bridge Maritime (AB Maritime ) plans to launch a maritime line joining Basra in southern Iraq and the UAE by hiring two passenger ferries with an initial cost of $2m annually, AB Managing Director Hussien Al Souob said. AB Maritime intends to buy the two ferries if the new line proves …

Daily News Egypt

EMEA Oil & Gas winners and losers in Ukraine crisis: Fitch

Reuters – Fitch Ratings says BG Energy Holdings Ltd, BP plc, Royal Dutch Shell plc and Total SA are among the rated oil and gas companies in EMEA that stand to gain from a potential shift in EU countries’ energy links with Russia over time, while OAO Gazprom and NJSC Naftogaz of Ukraine, are most …

Daily News Egypt

Kerry pressuring the wrong side: Israel minister

AFP – An Israeli minister on Sunday said Washington’s top diplomat was “wrong” for pressuring Israel in peace talks, a day before Palestinian leader Mahmud Abbas visits the White House. His remarks came two days after US Secretary of State John Kerry criticised Israeli Prime Minister Benjamin Netanyahu’s repeated demand that the Palestinians recognise Israel …

Daily News Egypt

Egypt regulator rets rules for index, real estate funds

Reuters – Egypt’s financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules. Sherif Samy, head of the Egyptian Financial Supervisory Authority, said the changes would increase liquidity in the market and …

Daily News Egypt

Egypt covers 50% of foreign investors’ repatriation backlog

Reuters – Egypt’s central bank has covered 50% of a backlog of dollars owed to foreign investors seeking to repatriate funds from the country, it said in a statement on Thursday. A repatriation scheme opened in March last year and aimed at restoring confidence in Egypt’s economy guarantees foreign investors in Egypt’s stock and government …

Daily News Egypt

US data centre firm in venture with Egyptian telecoms tycoon

Reuters – US-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris’ telecoms empire to win business in Europe, Asia and the Americas. The joint venture with Accelero Capital and Orascom TMT Investments will build and operate data centres for clients such as cloud …

Daily News Egypt