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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 strong"...

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20 Jan 2020

Azur Drones Unveils Skeyetech Drone-In-A-Box Solution for Surveillance in the Middle East

Azur Drones, Europe’s leader in autonomous Unmanned Aerial Vehicle (UAV), has launched its drone-in-a-box surveillance solution, Skeyetech, at Intersec. This move is expected to boost the security monitoring for high-risk private and public sites in the Middle East.

Skeyetech"...

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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

Frogfoot Networks fibre goes live in Polokwane

Open access fibre network provider Frogfoot Networks has commenced with a phased rollout of its infrastructure in the Limpopo capital Polokwane. Areas that have gone live with high speed broadband Internet are Bendor Park and Welgelegen, with over 600 homes passed, though this makes up just"...

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19 Jan 2020

Total selects Maersk drillship for world record water depth in Angola-Namibia campaign

Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E and P Namibia B.V. for the 7th generation drillship Maersk Voyager.

Maersk"...

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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

EGAS cuts gas exports to Jordan to 140 scf/day

The Egyptian Natural Gas Holding Company (EGAS) reduced gas exports to Jordan to about 140m cubic feet per day (scf/day), from 350m scf/day last month, in accordance to the quantities requested by Amman.

A source"...

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