BoP deficit leaps 260pct in Jul-Mar on falling Egyptian tourism revenues, transfers
Egypt’s balance of payments deficit (BoP) leaped a whopping 260 percent in the first nine months of the current…
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Services
Abu Dhabi eyes merger of sovereign funds Mubadala and IPIC
Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in…
Uber, Lyft settle litigation concerning top executives
Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court…
Samsung takes fight to Apple with mobile wallet system
Smartphone leader Samsung Electronics has for years been a spectator as Apple built a services "ecosystem"…
ICT Minister Inspects ‘Heliopolis-West’ Post Office
Yasser ElKady, Minister of communications and information technology has paid a visit to “Heliopolis- West” Post…
Saudi Petromin plans investing $28mn in Egyptian automotive services market
Saudi leading lubricants and automotive services company in Africa and Middle East Petromin Corporation (Petromin)…
8.9% growth in Vodafone Egypt revenues at end of March
Vodafone Egypt’s revenue grew by 8.9 percent over the previous financial year, which ended on 31 March. The company…
IBM signs $300 mln IT deal with Emirates Airline
IBM on Tuesday said it signed a $300 million, ten-year technology services agreement with Dubai’s Emirates Airline.…
VW is after profiting from ride-hailing apps, mobility services
Volkswagen is looking at on-demand mobility services such as smartphone ride hailing to earn a "notable share" of…
Oracle hit with whistleblower lawsuit over cloud accounting
Oracle Corp was sued on Wednesday by a former senior finance manager who claimed she was terminated in retaliation…
