FINANCE & ECONOMY

22 Jun 2017

Egypt closes wheat harvest just short of target at 3.4 m tonnes

Egypt announced the close of its local wheat harvest on Tuesday, having bought 3.4 million tonnes of wheat from farmers, Supply Minister Ali Moselhy said, just short of the government's target of 3.5-4 million.

Egypt,"...

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22 Jun 2017

PepsiCo’s investments in Egypt worth $1bn past two years

The investments that PepsiCo has injected in the last two fiscal years have reached $1bn, according to the company’s general manager, Mohamed Shelbaya, who stressed that the company is betting on investing in Egypt in the coming period.

Shelbaya"...

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22 Jun 2017

MCDR spends EGP 72m for its general assembly in May

Member of the board of directors of Misr for Central Clearing, Depository and Registry company (MCDR), Awny Abdel Aziz, told Daily News Egypt that his company spent EGP 72m in the form of profit distribution for the members of the general assembly in the last few months, as the profits"...

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22 Jun 2017

Egypt seeks FDI boost as its economy struggles

Egypt’s investment ministry has finalised a much-anticipated set of regulations outlining incentives that it hopes will lure back badly needed foreign investors, Investment Minister Sahar Nasr told Reuters yesterday.
Egypt’s economy has been struggling since a 2011 uprising"...

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22 Jun 2017

Egypt doubles subsidized food available on ration cards

Egypt's government has more than doubled the amount of subsided food that millions of ration card holders can purchase on a monthly basis and raised pensions - measures meant to cushion against soaring prices resulting from harsh reforms that aim to revive the country's battered"...

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22 Jun 2017

Egypt's investment ministry submits new investment legislation bylaws to cabinet

Egypt's investment ministry has submitted to the cabinet the bylaws to the recently ratified investment law, which is aimed at creating incentives for investors, Investment Minister Sahar Nasr told Reuters on Wednesday.

"...

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22 Jun 2017

Egypt’s ceramics major Cleopatra to open megamall in mid-2018

Egypt’s largest ceramics maker Cleopatra Group plans to open a megamall in Cairo, Cleopatra Mall by mid-2018, its chairman Mohamed Abou el-Enein told Amwal Al Ghad on Tuesday.

Located in 6th of October City,"...

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22 Jun 2017

Over 100 News and Media Websites Now Blocked in Egypt

When the Egyptian government first blocked access to news and media websites on May 24, 2017, it did so discreetly and without judicial oversight. State-run news agencies quoted a high-level government official claiming twenty-one"...

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22 Jun 2017

AudioCodes Signs EMEA Distribution Agreement with Nuvias

(ME NewsWire)-- AudioCodes, the Voice and Unified Communications Networking Solutions vendor, has signed a pan-EMEA distribution agreement with fast-growing, high-value distribution business Nuvias, following the recent launch of Nuvias’ Unified Communications (UC) Practice across EMEA. Nuvias is now able to offer complete end-to-end solutions and technical support for Skype for Business and BroadSoft Business UC environments, based on AudioCodes’ Session Border Controllers (SBCs) and handsets. As part of the agreement, Nuvias has also been appointed as master distributor for AudioCodes’ range of Skype for Business and SIP......

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22 Jun 2017

Schlumberger Recommends Stockholders Reject “Mini-Tender” Offer by TRC Capital Corporation 

(ME NewsWire)-- Schlumberger Limited (NYSE: SLB) (“Schlumberger”) has been notified of an unsolicited “mini-tender” offer by TRC Capital Corporation (“TRC Capital”) to purchase up to 2 million shares of Schlumberger"...

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