November 16, 2017

Egypt to stop importing gas in 2018

The announcement by the Egyptian energy minister eliminates the possibility of exporting Israeli natural gas to Egypt. Egypt will stop importing liquid natural gas (LNG) during 2018 and begin exporting gas, following the commencement of production from the giant Zohr gas field discovered off the Egyptian coast, Egyptian Minister of Petroleum Tarek el-Molla told the Bloomberg news agency yesterday. el-Molla added that the giant field could supply Egypt's internal needs, and that the sale of gas to export markets could begin in 2019.......

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Time to Market Drastically Reduced for Banks to Deploy MOTION CODE™ November 17, 2017

  • Turn-key service enabling a fast deployment of MOTION CODE™ cards for the banks
  • MOTION CODE™ replaces the static CVV2 of the payment card with a dynamic one

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[Egypt] MARAKEZ automates operations with Yardi Solutions November 16, 2017

MARAKEZ, a subsidiary of Fawaz Al Hokair Group, has selected Yardi Voyager® 7S to electronically manage its lease and property management process for its leading shopping"...

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Egypt to construct world’s largest seawater desalination plant November 16, 2017

Egypt is in the process of constructing the largest seawater desalination plant in the world, in the Suez Governorate’s coastal city of Ain Sokhna, revealed the head"...

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Hilton Plans to Expand Egypt Presence by 40% Over the Next Five Years November 16, 2017

Hilton Worldwide Holdings Inc. (HLT - Get Report) is branching out in North Africa. The Virginia-based company said it plans to expand its properties in Egypt by 40% by 2022, adding 2,500 rooms and taking on seven new projects, Hilton's VP of the North Africa region Mohab Ghali told Reuters on the sidelines of an event to promote tourism in Egypt's Port Said. Hilton currently runs 17 hotels in Egypt. The country utilizes......

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Petroleum Minister: No increase in fuel prices before end of current FY November 13, 2017

Petroleum Minister Tareq el Molla said on Saturday 11/11/2017 there will be no increase in fuel prices before the end of the current fiscal year 2017/2018.

In a statement, Molla stressed that increasing prices is"...

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Italian hospital in Cairo gets a boost November 11, 2017

The 300-bed Italian Umberto I hospital in Cairo is set to boost its services with new operating theatres, an outpatient clinic and more bed spaces.

The 1.8 million euro revamp will involve a radical overhaul of the four existing operating theatres and the creation of two more,"...

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