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Tag Archives: Egypt

UPDATE 2-IMF agrees $12 billion 3-year funding deal with Egypt

IMF loans to help budget deficit and dollar shortage Deal still to be approved by IMF executive committee Markets cautious, pending implementation By Lin Noueihed and Ahmed Aboulenein CAIRO, Aug 11 (Reuters) – The International Monetary Fund has agreed in principle to grant Egypt a $12 billion three-year loan facility, to support a government reform programme aimed at plugging a …

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Honeywell expands presence in Egypt with appointment of Khaled Hashem as new Country President

Appointment reinforces Honeywell’s commitment to supporting the growth ambitions of Egypt’s economy and businesses Cairo, Egypt – Honeywell (NYSE: HON), a Fortune 100 cyber industrial company, has announced the appointment of Khaled Hashem as its new Country President for Egypt. The appointment marks a significant milestone for Honeywell, as the company continues to strengthen its presence in Egypt by leveraging …

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Infinix Mobility grows market share, plans expansion in Egypt

Egyptian’s population is boosting the growth of smartphone industry. Cairo, Egypt – Infinix Mobility is gaining significant market share after just three years in Egypt, and plans to debut a line-up of products in this market over the coming months. Having quickly developed into one of Africa’s key mobile device brands, Infinix have taken over smartphone distribution in countries across …

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Al-Tayyar Travel Egypt signs technology partnership with Amadeus

Growth opportunities and customer satisfaction underpin Al-Tayyar’s tie up with Amadeus. Cairo, Egypt – 26 May 2016: Amadeus, a leading provider of IT solutions for the global travel industry, has announced today that it has signed a technology partnership agreement with Al-Tayyar Travel Group in Egypt, a subsidiary of the KSA-based group, one of the largest travel agencies in the …

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Emirates NBD launches Nile Account and extends DirectRemit service to Egypt

Nile Account specifically made for Egyptian Nationals in the UAE DirectRemit service now includes Egypt as well as India, Philippines, Pakistan and Sri Lanka Dubai – Emirates NBD , one of the leading banks in the region, today announced the launch of the Emirates NBD Nile Account and the extension of its 60- second DirectRemit service to Egypt to offer …

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MAGRABi launches its inaugural Eye Care Center in Alexandria, Egypt

State of the art retail concept resetting the standards for ophthalmology. MAGRABi, the leading optical retailer in the MENA region, has launched its first Eye Care Center in Semouha, Alexandria, Egypt, giving patients access to a one-stop-shop for eye care, where they can receive a comprehensive eye test and purchase eye wear in one location. The MAGRABi Eye Care Center …

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Lights On Across Egypt’s Remote Areas as Masdar Delivers Solar Projects

30 megawatts of clean energy and 7,000 solar home systems delivered by Masdar Special Projects in Egypt. Masdar , Abu Dhabi’s renewable energy company, has completed the delivery of 30 megawatts of utility-scale clean energy projects and 7,000 solar home systems in remote and strategic areas across Egypt. Together, the four clean energy projects developed by Masdar ‘s Special Projects …

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Rosatom presented leading nuclear technologies at Alexandria University within the framework of Nuclear Energy Week in Egypt

Nuclear Energy Week was held at Alexandria University in Egypt. Alexandria University is one of the oldest and most respected universities in the country. Nuclear Energy Week is held on the grounds of the Faculty of Engineering and is one of the key industry events in Egypt. The event was organized by the Nuclear Power Plant Authority of Egypt (NPPA), …

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Siemens modernizes railway network signaling in Egypt to boost passenger

Project will improve passenger and freight services, increase safety levels Siemens technology supports Egypt’s national rail modernization program Siemens has been awarded a contract by Egyptian National Railways (ENR) to modernize 260km of railway network in Egypt with advanced technology for signaling, level-crossings and communications. The upgrades, which are part of a national plan to modernize Egypt’s rail system, will …

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Huawei Promotes Tourism in Egypt through Mobile Technology Innovation

In an effort to further promote tourism in Egypt Huawei has chosen both the pyramids as well as Omar Khairat as the launch main attractions for the company’s flagship Mate 8 and Huawei Watch. With presence of dignitaries from around the world the launch event provided an exquisite experience to the attendees and a chance to sample Egypt old meets …

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