Ongoing labour reforms in Saudi Arabia can be painful for Egypt’s remittance flow In August, as the Turkish lira crisis set off anxieties of financial turmoil in other developing economies, the Egyptian pound held firm. That was thanks to painful reforms …
DUBAI: The government of Abu Dhabi is looking at proposals to restructure some $1.2 billion of troubled bonds that were issued by Abu Dhabi state-owned carrier Etihad Airways in partnership with other airlines, sources familiar with the matter said. …
Moody’s Investor Service has boosted Egypt’s long term issuer rating from “stable” to “positive”, as the government continues to enforce stringent economic reforms across the country. Citing progress in implementing a programme backed by the International …
A planned $500 million bond sale from Papua New Guinea, a country that has tried and failed to sell foreign debt before, will test whether investors are still receptive to riskier borrowers after a selloff in emerging markets. The offering could conclude …
The government in Cairo has announced the signing of two agreements to borrow $3 billion to support subsidies on basic commodities, including fuel and food, ThenewKhalij.org reported on Friday. According to the General Oil Commission in Egypt, it has …
A few days in Cairo are enough for one to come to a quick conclusion about the situation in Egypt. Five years have elapsed since President Abdul Fattah Al Sissi assumed power, following a popular uprising that ousted Muslim Brotherhood. Since the protests …
Egypt signed a number of agreements and contracts with Chinese companies for new projects worth $18.3 billion, Egyptian Presidential spokesman Bassam Rady said in a statement. The projects include the construction of a pumping and storage station in the …
Egypt’s stock market index gained 4.82 percent this week. (AFP) Egypt’s stock market index gained 4.82 percent this week, and was up by 1.1 percent on Thursday, with buying momentum dominating trading on Cairo’s bourse during the last week of August. …
The Italian Economy Minister Giovanni Tria said on Saturday that Italy will respect European Union budget commitments and address the concerns of credit ratings agencies like Fitch – which cut the outlook for Italian debt – with concrete policy choices in …
By Associated Press Published: 06:33 EDT, 29 August 2018 | Updated: 06:39 EDT, 29 August 2018 CAIRO (AP) - An international credit rating agency has raised Egypt's credit outlook to positive from stable, citing progress in its ambitious economic …
CAIRO — An international credit rating agency has raised Egypt’s credit outlook to positive from stable, citing progress in its ambitious economic reform plan backed by the International Monetary Fund. In a Tuesday report, Moody’s affirmed the country’s …
The dollar fluctuated on Monday morning, strengthening modestly against the euro over continuing trepidation about Turkey and the risk of contagion it poses to Europe, before retracing those gains as risk-on trades boosted the euro. Against the U.S. …
The European Central Bank (ECB) will revoke from Aug. 21 an exemption granted to Greece from its minimum credit rating requirement, it said on Friday, shutting banks’ access to cheap central bank cash because Greek government bonds are rated junk. Greece …
The events of the first conference on sukok issuance will commence on Tuesday 23 October after the long-awaited amendments of the financial market law adopted by Minister of Investment and International Cooperation Sahar Nasr. Consortium Consulting is …
The Egyptian insurance market is one of the oldest in the region. it has shown a welcome degree of resilience in recent years. Despite its long history, the market remains at a relatively nascent stage of growth compared to those in more advanced …
Fitch Ratings affirmed that its outlook for Egypt at B with a positive outlook for the availability of long-term foreign exchange sources. The new rating reflects a positive future that supports the improvement trends in Egypt in response to the reform …
The managing director of Arab Misr Insurance Group (GIG) and chairperson of the Insurance Federation of Egypt (IFE), Alaa El-Zoheiry, told Daily News Egypt in an interview that GIG achieved insurance premiums in fiscal year (FY) 2017/2018 worth EGP …
The total foreign investments in government debt instruments amounted to $17.5bn since the liberalisation of the exchange rate of the Egyptian pound until the end of June, according to Minister of Finance Mohamed Maiet. Maiet said in press conference held …
As the government continues to borrow from abroad and external debt reached more than 36% of Egypt’s GDP at the end of December 2017, amid successive increases in foreign exchange reserves reaching record levels, we need to find an answer to some …
TORONTO, Sept. 17, 2018 (GLOBE NEWSWIRE) -- Northland Power Inc. ("Northland") (TSX: NPI) announces the live webcast of its 2018 Investor Day presentation. The presentation will be broadcast live with video accessible by web browser. The audio …
CZECH REPUBLIC, July 27 - The Japan Credit Rating Agency – JCR has today upgraded the credit rating of the Czech Republic. It has upgraded Foreign Currency Long-term Issuer Rating from A+ to AA-, and Local Currency (i.e. CZK) Long-term Issuer Rating from …
CZECH REPUBLIC, July 27 - Standard & Poor’s, one of the most important international rating agencies, has in its latest rating confirmed the excellent credit rating of the Czech Republic at AA for local currency and AA- for foreign currency. These are …
Capital Enables A-Mark Subsidiary, Collateral Finance Corporation (CFC), to Expand Loan Portfolio and Complementary Products EL SEGUNDO, Calif., Sept. 14, 2018 (GLOBE NEWSWIRE) -- AM Capital Funding, LLC, an indirect subsidiary of A-Mark Precious Metals, …
SAN JOSE, Calif., Sept. 13, 2018 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE:CWT) announced today that California Water Service Company ("Cal Water"), a wholly owned subsidiary of California Water Service Group, sold $300,000,000 in …
COLUMBUS, Ohio, Sept. 13, 2018 (GLOBE NEWSWIRE) -- With a focus on increasing shareholder value, L Brands, Inc. (NYSE: LB) announces the January 2019 closing of all 23 Henri Bendel stores and the Henri Bendel e-commerce website. The stores include the …
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FREEHOLD, NEW JERSEY, USA, September 21, 2018 /EINPresswire.com/ -- Gourmet food trucks are something that more and more people appreciate every day. One of the East Coast's leaders in the space since 2012 has been Founder Carlos Serrano and …
AURORA, ONTARIO, CANADA, September 21, 2018 /EINPresswire.com/ -- Talent is the icing on the cake. The cake is your skill set. So whatever happened to mentorship? It used to be we could rely on someone to take us under their wing and show us the …
The first treatment center will open on Fort Hood, near Killeen TX. in late 2018. A minimum of three new centers are slated to open within the next year. DAVIS, CA, UNITED STATES, September 21, 2018 /EINPresswire.com/ -- US Cryotherapy …
The Mediterranean International Contemporary Art Fair announces the inaugural ArtMallorca to be held Sept. 20-23, 2019 at Mallorca's Palma Congress Centre NEW YORK, NEW YORK, USA, September 21, 2018 /EINPresswire.com/ -- The Mediterranean …
Download logo The joint expert group meeting on the role of small and medium enterprises in the industrialization process in Southern Africa ended here with a clarion call from Mauritius for African leaders to walk the talk on agreed programmes that will …
STEINHAUSEN, Switzerland, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) announced today that the newbuild, harsh environment semisubmersible Transocean Norge was awarded a six-well contract (estimated 300 days) with Equinor in the …
Partnership Addresses a Key Challenge for Many Dental Organizations Safeguarding Electronic Protected Health Information (ePHI) PEARLAND, TEXAS, UNITED STATES, September 20, 2018 /EINPresswire.com/ -- MBS Secure, provider of The Complete Cloud …
Reno Business Community Joins Elemental LED for Grand Opening RENO, NEVADA, UNITED STATES, September 20, 2018 /EINPresswire.com/ -- Elemental LED, a leading U.S. based engineering and technology company that manufactures LED lighting solutions …
SEOUL, SOUTH KOREA, September 21, 2018 /EINPresswire.com/ -- Korea’s first-generation blockchain company Glosfer (CEO Taewon Kim) announced the debut of Blockchain C&S, its first in-house startup, soon after successfully launching its very …
Download logo Secretary of State of Foreign Affairs, Ambassador Barry Faure, and Principal Secretary of Trade, Ms. Cillia Mangroo, concluded a two-day official mission in Curacao geared specifically towards concluding an Administrative Cooperation …
Design Center just announced a mobile app that improves sales and shortens sales cycles. They have developed this custom app for several clients. ST. PAUL, MINN., U.S., September 20, 2018 /EINPresswire.com/ -- Design Center just announced a …
SHANGHAI, China, Sept. 21, 2018 (GLOBE NEWSWIRE) -- Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI), a leading online entertainment platform for young generations in China, today announced that it has signed a definitive agreement to increase …
DULUTH, GA, USA, September 20, 2018 /EINPresswire.com/ -- Business RadioX is excited to announce that Subaru of Gwinnett will continue to serve as the Official Naming Rights Partner for the Business RadioX studio located in Duluth, GA. All shows …
2019 Honda Insight, Available at Hollywood Dealer, Named Top Safety Pick+ by IIHS HOLLYWOOD, CA, UNITED STATES, September 20, 2018 /EINPresswire.com/ -- 2019 Honda Insight, Available at Hollywood Dealer, Named Top Safety Pick+ by IIHS The …
Download logo The United Nations Economic Commission for Africa (UNECA), in partnership with GBCHealth and the Aliko Dangote Foundation is bringing together African leaders and other high profile personalities to discuss the continent’s health challenges …
Download logo The Africa Internship Academy presents its inaugural Future of Work in Africa (www.AfricaInternshipAcademy.com/future-of-work-in-africa/) Event, on the 22nd September, 2018 in Accra, Ghana. The event themed “Enhancing Partnerships …
The World Health Organization repeatedly ranks the U.S. healthcare system as the highest in cost globally, says Vincent Paul Fedele FORKS TOWNSHIP, PENNSYLVANIA, UNITED STATES, September 20, 2018 /EINPresswire.com/ -- Over the last decade, the …
ITsavvy will debut its branded Stewart-Haas Racing NASCAR race car at the Richmond Raceway in Richmond, Va. this Saturday, Sept. 22, 7:30 p.m. Eastern Time. ADDISON, ILL., U.S., September 20, 2018 /EINPresswire.com/ -- Official Technology …
Download logo Parliament's Portfolio Committee on Trade and Industry has called for written submissions on the National Gambling Amendment Bill. The committee also intends on holding public hearings on the Bill. Committee Chairperson Ms Joanmariae …
Nor-Tech just announced their world-class HPC technology engineering team is gearing up for what promises to be an extremely busy Q4. MINNEAPOLIS, U.S., September 20, 2018 /EINPresswire.com/ -- Nor-Tech just announced that their world-class HPC …
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