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Tag Archives: Business

The Beirut Traders Association Announces the Winners of the “Grow My Business” Competition

Beirut, June 22, 2012: A closing press conference was held on June 22, 2012, at Bank Audi Plaza, Bab Idriss, to announce the top three winners of the second edition of the “Grow My Business” (GMB) competition, an initiative launched in February 2011 by the Beirut Traders Association (BTA), in collaboration with the MIT Enterprise Forum – Pan Arab Region and in …

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Italy-Angola – A market beacon in Africa, says Terzi

The Angolan market is, for Italy, “one of the African continent’s points of reference, and not only in terms of the major energy firms operating there”, said Minister Giulio Terzi in a speech he delivered at Angola Investment Day, in which he underscored how that country was one of the most representative of “African dynamism”. Bilateral trade up 252% compared …

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Egypt’s AIT sets up USD2bn JV with Iranian firm

Cairo-based Arabic International Trading (AIT) has set up a USD 2 billion joint venture company with the Iranian Garment Company in Egypt with a total investment of EGP 5 billion (USD 830 million), a senior executive told Zawya. AIT owns 51% of the venture and the Iranian partner holds the rest, AIT chairman Mohamed Essayed Elokaly said. The venture will …

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SA-Saudi Arabia SPV will create jobs, opportunities

Cape Town – The Minister of Trade and Industry Rob Davies says a joint Saudi Arabian-South African Special Purpose Vehicle (SPV) would help create jobs in South Africa and new opportunities for South African businesses in Saudi Arabia. Davies said the joint venture company, which aims to create an initial R20 billion in business opportunities, is part of the department’s …

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Youth employment a stepping stone for Africa

By: Thandisizwe Mgudlwa – AfricanBrains For a country and region to have a brighter future it needs to invest in its young people. This is a message coming from international experts who believe the securing of employment by the continent’s youth is  extremely important for the development of Africa. With the number of youths in Africa set to double by 2045, …

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Women professionals in UAE ready to take on more responsibility to advance career prospects

  Accenture survey shows few professionals plan to leave their employers despite job dissatisfaction among more than half of the respondents. UAE females intending to leave want to be entrepreneurs starting their own business more than their female peers in the world and men in UAE. Abu Dhabi, June 6, 2012: Women in the UAE are ready to accept more …

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Nevine Loutfy Wins Best Woman in the Corporate Sector Award across the MENA Region by the American Chamber of Commerce Annual MENA “Women in Business” Award Program

The American Chamber of Commerce (AmCham) for the Middle East and North Africa region honored Nevine Loutfy, Managing Director and CEO of the National Bank for Development (NBD) in cooperation with Abu Dhabi Islamic Bank (ADIB), for winning Best Woman in the Corporate Sector as part of its Annual MENA award program that recognizes pioneering women in the corporate world. …

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Libya: EU agrees with Italian call for closer coordination

The EU Foreign Ministers have agreed with Italy’s call, voiced by Foreign Minister Terzi at the Foreign Affairs Council in Brussels, for closer coordination with Libya at the European level on border security and immigration issues. The FAC agreed, too, with the Italian call for a change of pace by the EU with respect to assistance for the Libyan transition. …

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Supporting Inclusive Business Models in East Africa

The Business Call to Action (BCtA), will host a panel discussion and reception featuring senior representatives from two of Kenya’s leading companies, Equity Bank and Safaricom. The event will take place at Sarova Stanley, Wednesday, May 16 at 18:00. Attendees at this event will hear private sector representatives speak about current trends in East Africa’s inclusive business landscape and have …

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Time is ripe to invest in UAE, Saudi and Omani hotels say experts

Investment experts at AHIC 2012 highlight opportune offers in GCC hospitality climate – post-Arab Spring resilience indicative of investor sentiment   Internationally renowned experts gathered at this year’s Arabian Hotel Investment Conference (AHIC) and delivered a clear and consistent message: now is the right time to invest in the Gulf’s growing hotel industry – namely the United Arab Emirates (UAE), …

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