FINANCE & ECONOMY

12 Mar 2020

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment. However, recent civil unrest and a ballooning public debt have increased the level of economic uncertainty, which is negatively"...

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12 Mar 2020

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

The LEGO Group announced a partnership with Nintendo that will change the way people interact with Super Mario in the physical world and engage in LEGO® experiences.

Both companies share a passion for innovation"...

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12 Mar 2020

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

The U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the investigation of empagliflozin to reduce the risk of kidney disease progression and cardiovascular death in adults with chronic kidney disease, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY)"...

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12 Mar 2020

Egypt, New Zealand probe agricultural cooperation

Egypt and New Zealand discussed on Monday ways of boosting cooperation in the agricultural domain.

This came in Agriculture Minister El Sayed el Quseir's meeting with New Zealand Ambassador in Cairo Greg Lewis.

"...

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12 Mar 2020

MENA is vulnerable to oil prices decline, Russia more prepared than previous shocks: IIF

While oil market rebounded on Tuesday after the biggest daily loss on Monday since 1991Gulf war, , it’s clear that the underlying tension is not going to subside anytime soon.

The price plummets followed"...

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12 Mar 2020

Mansoura Poultry announces 2019 financial results

ArabFinance: Mansoura Poultry announces reported net profits of EGP 326,731 in 2019, compared to incurring net losses of EGP 12,038,452 in 2018.

The company called for holding an ordinary general assembly's"...

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12 Mar 2020

Beltone expects to postpone government proposals to 2H 2020

Chairperson of Beltone Financial Holding Company Maged Shawky said the company is working on a number of government proposals, and that one of these companies has postponed the offering, suggesting that the proposals will be postponed to the second half of this year (2H 2020) due to market"...

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12 Mar 2020

EGP 1.6trn transactions conducted through e-finance since inception

Electronic payment gateway e-finance, along with the Ministry of Finance and the Central Bank of Egypt (CBE), are working on defining electronic collections and possible ways of cooperation with the non-banking financial sector, Chairperson of e-finance Ibrahim Sarhan said.

He"...

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12 Mar 2020

Misr Capital Investments works on EGP 5bn securitisation, short-term bond programmes

Misr Capital Investments is currently working on over EGP 5bn worth bond, securitisation, and short-term bond programmes for the second half of this year, said the company’s co-CEO and Managing Director Khalil El-Bawab

This"...

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12 Mar 2020

Crédit Agricole Egypt adopts Fiorano Software solutions to boost efficiency

Fiorano Software, an Enterprise Integration Middleware and API Management specialist, has announced that Crédit Agricole, Egypt has implemented the Fiorano Hybrid Integration Platform (HIP) to reduce time and cost required for integrating applications with its core banking system,"...

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