FINANCE & ECONOMY

20 Jan 2020

Arzan Wealth Achieves Successful Exit of a Class A Office Building In The Netherlands

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its client on the sale of a Class A office building in the Hague, The Netherlands, achieving"...

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20 Jan 2020

Moody’s Analytics ImpairmentStudio™ Platform Completes 2019 SOC 1® Examination

Moody’s Analytics announced today that the ImpairmentStudio platform—the centerpiece of our Current Expected Credit Loss (CECL) solution—has completed a System and Organization Controls (SOC 1) Type 2 examination under the attestation standards established by the American Institute of Certified Public Accountants (AICPA). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200115005159/en/ The report examination encompasses policies, operating procedures, and controls related to financial reporting of user entities by an independent auditor to objectively validate that......

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19 Jan 2020

Ezdehar Management acquires stake in Rich Food Industries

Ezdehar Management, a private equity fund manager through its first fund, the Ezdehar Egypt Mid-Cap Fund has acquired an undisclosed stake in Rich Food Industries, a fast-growing manufacturer of convenience foods focused on the animal protein segment in Egypt.

With"...

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19 Jan 2020

Italy invests in Egypt’s tomato value chain

The Italian Development Cooperation is contributing more than €4.55m to two United Nations Industrial Development Organization (UNIDO) projects in Egypt and Iraq. A signing ceremony to launch the projects took place at the UNIDO headquarters.

The"...

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19 Jan 2020

EBRD becomes shareholder in Egypt’s Infinity Energy

The European Bank for Reconstruction and Development (EBRD) is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares.

The"...

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19 Jan 2020

Al-Sisi, WB delegation discuss recent developments on GERD’s negotiations

President Abdel Fattah Al-Sisi discussed with a high-level delegation from the World Bank (WB) recent developments regarding the Grand Ethiopian Renaissance Dam (GERD), in the presence of Rania Al-Mashat, Minister of International Cooperation, on Saturday.

The"...

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19 Jan 2020

S. Korean companies keen on new industrial partnerships with Egyptian counterparts: Ambassador

The South Korean companies are interested in establishing new industrial partnerships with Egyptian counterparts, South Korean ambassador, Yeocheol Yoon says during his meeting with Minister of Military Production, Mohamed Al-Assar.

According"...

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19 Jan 2020

Surprisingly good prospects for some East Asian stock markets

According to analysts from Reuters Polls, Bloomberg and Alpho, the U.S.-Iran tensions easing will lead to growing interest of investors in risky assets in upcoming weeks. Such a progress will result in demand for currencies of Asian emerging markets, mainly Indian rupee (INR) and South"...

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18 Jan 2020

Egyptian-German cooperate in solid waste management

Minister of Environmental Affairs Yasmine Fouad met on Wednesday with Bernd Donuzlav, head of Middle East and North African cooperation at the German Federal Ministry for Economic Cooperation and Development (BMZ), to discuss Egyptian-German cooperation in the field of solid waste management"...

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18 Jan 2020

MPC holds first meet in 2020 on Thursday

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) holds its first meeting in 2020 on Thursday to discuss basic interest rates, a most prominent and important indicator of the trend in the local market.

The"...

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