Egypt to import 7 LNG shipments in October - ZAWYA
WEB3 days ago · The Egyptian Ministry of Petroleum and Mineral Resources is planning to import seven shipments of liquefied natural gas (LNG) in October to meet the national gas network’s daily requirements, Al Arabiya Business reported, citing a government official. Of the seven shipments, six will be received at Ain Sokhna Port and gasified on the floating ...
CFAO acquires Opella Healthcare South Africa - ZAWYA
WEB3 days ago · CFAO Healthcare is pleased to announce its strategic expansion into the South African pharmaceutical market by acquiring a prominent pharmaceutical manufacturer and distributor, Opella Healthcare South Africa. It marks CFAO's first healthcare investment in the country, which is the second-largest market on the continent.
Rapid regional developments impact economy: Egypt's PM - ZAWYA
WEB4 days ago · EGYPT ECONOMY. Egypt’s Prime Minister Mostafa Madbouly chaired a government meeting on Wednesday, at the Cabinet headquarters in the New Administrative Capital. Madbouly stated that the rapid developments in the region created an exceptional circumstance that impacted the economic conditions of several countries, including Egypt.
Projected Fed rate cuts could see 'income drag' akin to 2020
WEB4 days ago · The Fed's sharp rate hikes of 2022-2023, which lifted the fed funds rate by 5 percentage points, flattered interest income at all these levels, muffling the economy-wide effects from the intended borrowing squeeze. So cutting rates now could, by the same mechanism, act as a drag on market liquidity and cash income even as credit gets cheaper.
EBI highlights strong achievements in FY 2023/24, expanding
WEB4 days ago · The Egyptian Banking Institute (EBI), the official training arm of the Central Bank of Egypt, has announced its achievements for the fiscal year (FY) 2023/24, highlighting its commitment to developing human capital within the banking sector in Egypt and across strategic African countries. EBI’s Executive Director, Abdel Aziz Nossier ...
Madbouly reviews Stellantis' expansion plans in Egypt - ZAWYA
WEB4 days ago · The discussions focused on Stellantis' ambitious plan to localize manufacturing in Egypt, which includes the introduction of four new car models over the next three years. The total investment for this project exceeds €116 million. Madbouly emphasized the government’s commitment to supporting the automotive sector and highlighted the ...
Sharjah's Department of Housing provided $3.5bln in housing
WEB4 days ago · Since its establishment in 2010, DOH has dedicated its efforts to ensuring a decent living for citizens through innovative housing services. Over the past 13 years, the department has supported 13,510 beneficiaries, offering 6,959 grants and 6,551 loans, totaling more than AED 13.5 billion. This initiative aligns with the Ruler’s directives ...
WETEX 2024: Etihad Water and Electricity digitally transforms
WEB4 days ago · SAP SE. DUBAI, UAE — Etihad Water and Electricity (EtihadWE) today announced the successful completion of the first phase of its digital transformation powered by global technology company SAP SE. The move signals the start of a new chapter of increased collaboration between the long-standing partners to foster AI-driven solutions …
QRDI Council launches Corporate Innovation Leaders Forum to
WEB3 days ago · Doha, Qatar: The Qatar Research, Development, and Innovation (QRDI) Council is excited to host the Corporate Innovation Leaders (CIL) Forum. Titled “Connecting Innovation to the Ecosystem” the forum was held on September 26, 2024, at the ITQAN Innovation Center, bringing together executives, strategists, and innovators who are …
GITEX Global 2024: Extreme Networks to showcase insightful, AI
WEB4 days ago · Company will demonstrate secure, simplified and automated AI-native cloud network solutions . DUBAI, UNITED ARAB EMIRATES: Extreme Networks™, Inc. (Nasdaq: EXTR), a leader in cloud networking, today announced it will be demonstrating how its secure, automated and easy-to-use solutions make the network more insightful and …