FINANCE & ECONOMY

26 Sep 2020

Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens Sign The Climate Pledge

The Climate Pledge, a commitment co-founded by Amazon and Global Optimism, calls on signatories to take urgent action to meet the Paris Agreement 10 years early

Signatories are implementing real, science-based, high-impact"...

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26 Sep 2020

Esri and AfroChampions Launch Partnership to Promote GIS in Africa

Esri, the global leader in location intelligence, today announced a joint initiative with AfroChampions, a Pan-African nonprofit that aims to promote policies that foster private-public collaboration for Africa's economic transformation. The goal of the initiative is to engage leaders in business, governments, the African Union, and other regional economic communities through dialogue and potential partnership building in applying geospatial technology and solutions. This new partnership with AfroChampions seeks to contribute to sustainable economic development in Africa and promote the benefits of a shared geospatial infrastructure throughout......

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26 Sep 2020

Egypt cuts interest rates by 50 bps as inflation subsides

CAIRO: Egypt’s central bank unexpectedly cut its main overnight interest rates by 50 basis points on Thursday, saying exceptionally low inflation gave it room to help boost the economy.
The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 per cent"...

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25 Sep 2020

Statement on One-Year Anniversary of Women’s Entrepreneurship Accelerator

Please find the statement below from Women’s Entrepreneurship Accelerator leadership regarding the one-year anniversary of the ground-breaking initiative.

One year ago, we committed to educating and empowering"...

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25 Sep 2020

Arthur D. Little Announces New Board of Directors

Following the completion of its ninth Partners’ and Shareholders’ Meeting since becoming a private partnership again in 2011, Arthur D. Little (ADL) today announces the new members of its Board of Directors. The Shareholders’ Meeting also re-elected Ignacio García"...

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25 Sep 2020

DXC Technology Announces Leadership Appointments to Support the “new DXC''

DXC Technology (NYSE:DXC) today presented its latest leadership appointments further strengthening the DXC leadership team, the majority being new to DXC within the last year. This team is bringing the “new DXC,” which is focused on its customers and its people, to the market as it executes the company’s transformation journey. DXC Customer Portfolio Leadership Over the past year, CEO Mike Salvino has recruited new IT services industry leaders who bring formidable experience delivering for customers, inspiring people, and running and growing businesses. DXC announces the following appointments and changes to the team that will......

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25 Sep 2020

Best’s Market Segment Report: Tough Operating Conditions Present Challenges for Sub-Saharan Reinsurance Markets

For many years, the reinsurance markets of sub-Saharan Africa, though small by global standards, have provided global reinsurers with an opportunity for diversification and profitable revenue growth. However, according to an AM Best report, competition and rising acquisition costs have"...

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25 Sep 2020

Science, Data, and Facts Should Unite Decision-Making, Says PMI CEO in Speech at Concordia Summit

André Calantzopoulos, CEO of Philip Morris International (PMI) (NYSE: PM), today delivered high-level remarks at the 2020 Concordia Annual Summit. Calantzopoulos discussed the impact that uncertainty, polarization, hyperpartisanship, and ideology are having on international efforts to overcome pressing global issues. He called for science to be protected from politicization and highlighted the importance of developing open dialogues based on factual scientific objectivity. Calantzopoulos shared PMI’s belief that with the right......

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24 Sep 2020

Kyriba Appoints CFO Hamza Benamar and CMO Thomas Butta

Kyriba®, the global leader of cloud finance and IT solutions, today announced it has appointed Hamza Benamar as Chief Financial Officer (CFO) and Thomas Butta as Chief Marketing Officer (CMO). The executive appointments accelerate Kyriba’s efforts to embed Active Liquidity Management within the office of the CFO and its IT partners. “Hamza and Thomas have delivered financial, operational and transformative, category-defining programs for some of the most innovative, global SaaS companies. Most recently, Hamza operationalized a high-growth enterprise for Wolters Kluwer and helped execute a $5.1B acquisition of SunGard by FIS,......

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24 Sep 2020

Upper Egypt Flour Mills reports lower profit

ArabFinance: Upper Egypt Flour Mills (UEFM) reported a 16% Year on Year decline in its net standalone profit in the fiscal year (FY) 2019/2020, according to the company's September 23rd financial statements filed to the Egyptian Exchange (EGX).

Standalone"...

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