Bank of America sets new cost target under pressure from low rates
Bank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set a new expense…
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Egypt’s Heliopolis for housing to sign $11 mn-contract to build water treatment plant
Egypt’s leading construction company, Heliopolis Company for Housing and Development, will sign a contract to…
Tesla stock ups after Elon Musk’s masterplan tweet
Telsa's shares rose more than 4% in early trade after its chief executive teased a new "masterplan". Elon Musk…
Oil minister: new refining projects in Egypt worth $7.7bn
Egyptian petroleum sector is currently executing new refining projects with investments estimated at US$7.7…
Pentagon unveils new cost-cutting initiatives for F-35 fighter jet
The U.S. Defense Department on Monday extended by two years a project that has cut the cost of Lockheed Martin…
Conservatives set to select next prime minister to handle Britain’s EU exit
Britain's ruling Conservative Party begins selecting a new leader to replace David Cameron as prime minister on…
Supply minister appoints new vice chairman for Egypt wheat import authority
Egyptian Supply Minister Khaled Hanafy issued a decree on Monday to appoint Ahmed Youssef as new vice chairperson…
Egyptian Airports Holding Company eyes $774mn-revenues in FY2016-17
Egyptian Holding Company for Airports and Air Navigation (EHCAAN) eyes achieving revenues of 6.8 billion Egyptian…
New strategy for automotive industry to be submitted to Egypt’s Cabinet soon
Egyptian trade and industry ministry is about to submit new strategy for automotive industry to the Cabinet within…
Facebook Messenger now has 11,000 bots on its platform
Facebook has over 11,000 bots and 21,000 developers building them on its Messenger platform, the social networking…