Disney CEO Iger says he is open to extending his term

Chief Executive Bob Iger said on Tuesday he is open to extending his term as the head of Walt Disney Co, offering investors a...

Egypt central bank to cancel $100,000 individual bank transfer limit

Egypt’s central bank governor Tarek Amer said last week that the central bank will “soon” cancel a $100,000 limit on individual bank transfers. Under currency...

Mercedes-Benz in initial talks to return to Egyptian markets following 2-year hiatus

“has succeeded in initial talks” with Mercedes-Benz officials to bring the international automobile manufacturer back to Egypt following a two-year halt, the head of...

Quincey named new Coca-Cola CEO

The Coca-Cola Company has appointed James Quincey, the president and chief operating officer, as the group's new chief executive officer starting from May next...

Hala Sakr appointed as member of EGX board of directors

The board of directors of the Egyptian Stock Exchange (EGX) approved the appointment of Hala Sakr, managing director of Barclays Bank Egypt, to the...

EBRD provides $25m loan to Elsewedy unit

The European Bank for Reconstruction and Development (EBRD) said that it will provide a $25 million loan to the Egyptian copper rods manufacturer United...

Amazon Web Services will lose money on $6.6 billion

Amazon’s cloud computing business is growing fast and will grow from $4.6 billion in revenue in 2014 to $6.6 billion in 2015 and $9.2...

Japan’s JGC to build $6,3bn LNG plant off Mozambique

A consortium including JGC has reached a 700 billion yen ($6.33 billion) deal to build a floating liquified natural gas platform, off the coast of...

EgyptAir to buy 33 new planes

EgyptAir Company will sign contracts to buy 33 planes of the latest models as part of the national carrier's efforts to renew its fleet,...

IBM announces Major block chain solution to speed global payments

IBM has announced a new block chain banking solution that will help financial institutions address the processes of universal cross-border payments, designed to reduce...

Ahmed A.Basset Wins the 2016 CFO Experience Award

  In appreciation of his outstanding performance, Ahmed Abdel Basset, Sheraton Miramar’s Deputy Director of Finance has been selected to receive the Starwood  2016 CFO...

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Women honored at EGPS 2019

Minister of Petroleum and Mineral Resources Tarik El-Mulla stressed the increasing role of women in energy sector and in the various...

The Export Development Bank of Egypt opens a new branch in Beni Suef

Mr. Hani Abdul-Jaber, Governor of Beni Suef and Dr. Ahmed Galal, Vice Chairman of the Board of Directors of the Export Development...

Minister of Supply counter traders exaggerated bread pricing at the Journalists City by moving...

Dr. Ali Meselhi, Minister of Supply and Internal Trade, agreed to allocate a moving outlet for the sale of subsidized bread at...
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