Egyptian tycoon Sawiris sold ONTV over lack of profits, will invest heavily in Promomedia
Business tycoon Naguib Sawiris said Tuesday that the sale of satellite TV channel ONTV resulted from failed…
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business
Telecom Egypt’s Q1 profits double to $135 million
State-run landline monopoly Telecom Egypt's first-quarter net profit rose almost 116 percent due to growth in its…
NBE, AlexBank to secure $33.7mn credit facility for Alexandria Business Association
Non-profit Alexandria Business Association (ABA) is set to receive credit facilities of 300 million Egyptian pounds…
Alexandria Business Association to get $33.7mn facilities from two banks next month
Alexandria Business Association (ABA) is set to get credit facilities of 300 million Egyptian pounds from ($33.7…
Microsoft revives SharePoint, Will Roll Out Mobile Apps Later This Year
In line with its cloud-first, mobile-first software vision, Microsoft Wednesday unveiled several changes to its…
Devaluation sharpens Egypt’s non-oil business slowdown in April: PMI
Egypt’s non-oil business activity declined for the seventh consecutive month in April as a continuing hard…
Citi puts Asia payment processing business up for sale
Citigroup (C.N) has puts its Asia payment processing business on the block as part of a ongoing global plan to exit…
As iPhone sales decline, Apple bets on services from apps to music
Apple Inc's first-ever drop in quarterly iPhone sales has spurred Chief Executive Tim Cook to turn the spotlight on…
Siemens will invest into more digital acquisitions
German industrial group Siemens will continue to buy software companies to beef up its core industrial business,…
Intel to cut up to 12,000 jobs as PC industry declines
Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses…
