Spain could face €1b economic hit from blackout, analysts say
Spain could suffer economic losses of up to €1 billion following Monday’s widespread blackout, according to…
Browsing Tag
businesses
Uganda’s private sector continues growth, PMI at 53.1 in Dec ’24
Uganda's Stanbic Bank PMI for December 2024 stood at 53.1, signaling continued growth in the private sector,…
Mozambique’s private sector PMI falls to 46.4 in Dec ’24
Mozambique’s private sector faced a sharper downturn in December 2024, with the Purchasing Managers’ Index (PMI)…
S. Africa PMI dips below 50 in Dec ’24
South Africa's Purchasing Managers’ Index (PMI) slipped to 49.9 in December 2024, down from 50.9 in November,…
S&P Global: Egypt’s non-oil PMI falls in Dec ’24
Egypt's non-oil private sector contracted sharply in December 2024, with the S&P Global Egypt PMI falling to…
France’s business sentiment worsens in Dec. ’24
France's business sentiment continued to deteriorate in December 2024, with the overall indicator dropping two…
Australia’s c. bank warns of debt risks on falling interest rates
The Reserve Bank of Australia (RBA) warned borrowers to avoid excessive debt as interest rates fall to prevent a…
Abu Dhabi, Siemens Energy partners for industrial decarbonisation
Abu Dhabi Department of Economic Development (ADDED), represented by the Industrial Development Bureau (IDB), and…
PMI: Egypt’s non-oil private sector activity shrank more slowly in May
Egypt’s non-oil private sector activity shrank more slowly in May after turning in its worst performance in a…
COVID-19 challenges open doors for Egypt’s businesses – analyst
World economies have been hard-hit owing to the COVID-19 outbreak. The impact of the pandemic is expected to…
Al-Abd’s turnovers in Egypt new capital rise to 800 mln pounds
Egyptian construction firm Al-Abd says the amount of its businesses in the country’s new administrative capital had…
Lighting giant Signify targets 25% growth in Egypt business
Signify, the world’s largest maker of lights, is targeting a 25 percent growth in size of businesses and…
Businesses testing emergency preparations 40 days before Brexit
With just 40 days until the United Kingdom is due to leave the European Union, businesses are testing their…
Egypt’s Orascom construction seals $2.3 bln contracts in Q4 of 2018
Egypt's Orascom Construction announced on Monday it has added $825 million contracts to its under-construction…
Huawei says it will hit $100 billion in 2018 revenues
Huawei's revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said…
Egypt-Romania trade hits $3.6 bln in five years
The value of the bilateral trade between Egypt and Romania registered $3.6 billion (64.54 billion Egyptian pounds)…
Cairo becomes most attractive city for investments in Africa
Egypt has ranked first among African cities in terms of attractiveness to investment, as it ranked 64th globally…
Egypt’s Arab Contractors studies executing residential project in Eritrea
Egypt’s state-run construction firm Arab Contractors (AC) studies carrying out a new residential flagship in…
Accept is bringing digitalization to world of payments
The people behind PayMob just launched a sister company Accept Payments and are helping businesses grow by offering…
Get to know Nermine Tahoun
Ms. Tahoun provides advises in international trade contracts and disputes, construction, IT, IP and labor matters,…
Sisi highlights Egypt’s new measures to support SMEs at Africa 2017 Forum
Egypt's President Abdel Fattah al-Sisi said Egypt has taken different measures to support owners of micro, small,…
Bitcoin hits record $10k the night of big crypto conference and everyone parties
Bitcoin enthusiasts have a lot of growth to celebrate. Not only is the digital currency surging, but related…
Egypt’s Arab Contractors seeks mandate for projects in 3 African countries
Egypt’s state-run construction firm Arab Contractors says it seeks to win a mandate for some infrastructure and…
Visa launches foundation for MSMEs growth with initial focus on Egypt and Nigeria
Global payments technology company Visa has launched the newly-incorporated Visa Foundation, which has been…
Facebook dealt setback by EU court adviser in privacy dispute
Facebook was dealt a setback on Tuesday when an adviser to the top European Union court said any data protection…
Volkswagen is ‘second mover’ in electric commercial vehicles
Volkswagen is a “second mover” in electrified commercial vehicles, after lagging companies such as Tesla and…
Arab Contractors finalises 40% of infrastructure works in Egypt new capital city
Egypt’s state-run construction firm Arab Contractors has recently completed 40 percent of its ongoing utilities…
Rolin to execute two property flagships in Cairo before end-2017
Egypt’s General Construction Company- Rolin is planning to execute two real estate flagships in Nasr City and Old…
Dubai-based Souq.com to acquire Wing.ae
Dubai-based Souq.com, the leading online shopping and e-commerce provider, has entered into an agreement to…
Uber Technologies ups Q2 bookings by 16%
Uber Technologies Inc reported Wednesday a 16 percent increase in quarterly bookings and a smaller loss than the…
Prosecutors ask court to imprison Samsung heir for 12 years
South Korean prosecutors have recommended a 12-year jail term for Lee Jae-yong, 49-year-old billionaire heir of…
European markets close higher on earnings, US jobs
European markets closed higher on Friday as investors monitored earnings reports and reacted to a new U.S. jobs…
Egypt’s Arab Contractors to sign $150 mln Ugandan road deals in 6 months
Egypt’s state-run construction firms Arab Contractors will sign final contracts to execute two road projects in…
European stocks close sharply lower as euro surges
Bourses in Europe closed sharply lower on Friday as euro strengthened and fresh corporate earnings failed to…
US, China fail to agree on trade, casting doubt on other issues
The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with…
Egypt’s Al-Abd says delivered 95 social housing buildings in 2016
Egypt’s construction firm Al-Abd, an affiliate of the country’s Holding Company for Construction and Development…
El Shams Housing eyes businesses up to 400mn Egyptian pounds by end-2018
Egypt’s state-run El Shams for Housing and Development Company says it is planning to increase its businesses to…
Egypt’s Marseilia establishes new firm for property assets management
Egypt's property developer Marseilia Group announced Wednesday that it has established a new firm for real estate…
German investors planning new petrochemical investments in Egypt: minister
A number of German investors will pump new investments into some Egyptian petrochemical and phosphate fertiliser…
Ford Motor is replacing Mark Fields as CEO
In a shake-up reflecting the pressures on the American auto industry, Ford Motor is replacing its chief…