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GM to stop making cars for Indian market

General Motors (GM) has announced that it will stop making cars for the Indian market by the end of 2017. The firm, which sells its Chevrolet brand in India, said it would continue to provide maintenance services. It also said that its plant in Maharashtra would continue to make cars …

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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 board of directors as a representative of the Federation of Egyptian Banks. Sakr joined the Federation of Egyptian Banks in March as the first woman to …

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KEMA repays LE 2.3 bn to the Italian “Tecnimont”

Maher Al Abd, the manager of investors’ relations in Egyptian chemical industries Company (KIMA), stated that the company repaid around LE 2.3 billion for the Italian company “Tecnimont”, which carries out the construction project “KIMA 2”. Al Abd added that KIMA intends to use the amount of selling 20 feddans …

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The Arab League Summit kicks

Egypt enhances cooperation between the Arab League and UN Jordan: Trump sends official envoy to the Arab summit Momani: Jordan is among the largest refugee hosting countries in the world President Abdel Fattah Al Sisi is set to participate at the 28th Arab Summit, today, in Jordan; the summit’s preliminary …

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Thales wins Dubai Metro Red Line upgrade contract

Thales, a global technology leader for the aerospace, transport, defence and security markets, has won a contract to upgrade Dubai Metro’s Red Line, one of the world’s longest driverless metro lines which will be used by the 25 million visitors expected at World Expo 2020. The contract was awarded by …

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Saudi Arabia pledges $10bn to rebuild Yemen, claims president

Following a week-long trip to Saudi Arabia, Abd Rabbuh Hadi, the Yemeni president spoke last week to officials including Yemeni Prime Minister Ahmed Abid bin Daghr and a number of provincial governors announcing that Saudi Arabia has pledged $10bn to aid reconstruction efforts in war-torn Yemen. “This huge amount will …

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Football great Messi arrives in Egypt, visits Giza Pyramids

Barcelona and Argentina football great Lionel Messi arrived in Cairo on Tuesday to promote the country’s Tour n’ Cure medical tourism campaign and paid a visit to the Giza Pyramids. Messi, named the world’s best player for a record five times, toured the pyramids of Giza, a Wonder of the …

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Messi to arrive in Cairo Tuesday for Hepatitis C campaign

Barcelona FC football superstar ​Lionel Messi will arrive in Cairo Tuesday afternoon on a one-day visit where he will participate in a campaign for medical tourism dubbed “Tour and Cure for the treatment of Hepatitis C”. The Public Information Office of Prime Pharma Inc., the advertizing partner for Messi’s visit …

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