Tell us a little about Philips' consumer lifestyle products?
Consumer lifestyle has different kinds of sub-categories; we have domestic appliances which contain irons and kitchen appliances. We also have personal care products including grooming and (...)
Smartphone company BlackBerry is planning to launch a new series of BlackBerry Jam Sessions targeting Africa and the Middle East this summer. The initiative offers a training opportunity for developers and young entrepreneurs seeking to improve (...)
Nokia releases its newest smartphone, the Lumia 925.
The company has described the new model as a reinterpretation of its flagship Nokia Lumia 920, noting that includes "the most advanced lens technology and next generation imaging software, which (...)
Mashreq Petroleum has signed a concession agreement with the Port Said Authority to build an EGP 3bn fuel bunkering terminal and logistics hub on the Suez Canal, according to a company report on Monday.
“The agreement entails a period of 25 years, (...)
Dutch company OCINV has lowered the price for its OCI purchase offer to EGP255 per share from EGP280.
“OCINV will offer holders of OCI's outstanding ordinary shares listed on the Egyptian Exchange (EGX) the option to exchange their shares for OCINV (...)
Egypt's wheat imports decreased this year to 3.3 million tonnes, compared to 5.6 million tonnes the year previous, said Minister of Supply and Internal Trade Bassem Ouda during a press conference on Monday.
"The Ministry received two ships loaded (...)
The Suez Canal Region Development Law is still at the draft stage and no official approval has yet been reached, said Prime Minister Hesham Qandil during his keynote address at the International Conference for the Suez Canal Regional Development (...)
The Central Bank of Egypt (CBE) received a $3bn Qatari deposit for the purchase of Egyptian bonds on Thursday, confirmed Nidal Assar, the sub-governor of the CBE.
Assar added that the Qatari deposit will remain at the CBE until the Ministry of (...)
Egypt and Qatar will take part in a project to reconstruct Gaza homes and infrastructure damaged by Israeli airstrikes in November 2012.
The project was announced during a press conference organised by the Export Council for Building Materials, (...)
The Egyptian Tax Authority (ETA) announced the top 10 tax payers for the current fiscal year 2012-2013 in a statement on Wednesday.
Commercial International Bank (CIB) topped the list, paying EGP 836m in tax during the year, followed by Telecom (...)
The Economic and Financial Affairs Committee of the Shura Council started on Wednesday discussion sessions for the new budget for the upcoming Fiscal Year (FY) 2013-2014.
“The budget discussion will last for eight sessions," confirmed Kamal Beshara, (...)
Central Bank of Egypt (CBE) Governor Hesham Ramez and the CBE's Monetary Policy Committee will meet on Thursday to discuss the current interest rate level and possible amendments, confirmed the media spokesperson of the CBE.
Ramez returned to Egypt (...)
The Egyptian Financial Supervisory Authority (EFSA) has decided to reintroduce T+0, or same day settlements on the Egyptian Exchange (EGX) starting from Thursday 23 May, according to an EFSA statement made on Tuesday.
T+0 settlements give traders (...)
Maximum wages will be applied starting next Tuesday “retrospective from January 2013 on all administrative leadership in state positions", as confirmed by a media spokesperson at the Central Agency for Organisation and Administration (...)
Crude oil futures rose in Monday's London and New York trading sessions.
Brent June contracts were up 48 cents at $104.67 a barrel on London's ICE futures exchange, and rose 67 cents to trade at $96.28 a barrel on the New York Mercantile (...)
The Egyptian Centre for Economic and Social Rights (ECESR) launched a budget handbook series on Sunday which aims to explain citizens' rights regarding state budgets.
The first handbook in the series discusses the international standards regarding (...)
Naguib Sawiris returned to Egypt on Friday.
He travelled from France where he spent months after the election of President Mohamed Morsi.
He was greeted by an envoy from the presidency, which presidential spokesperson Ehab Fahmy described as a (...)
Orascom Telecom Holding (OTH) subsidiary Koryolink, the only 3G mobile provider in North Korea, is now nearing the 2 million subscriber mark.
Koryolink has now doubled its subscriber base since February of last year, when it hit the 1 million (...)
Orascom Construction Industries (OCI) reached a final settlement with the Egyptian Tax Authority (ETA), to pay EGP 7.1bn.
OCI announced on Tuesday that Onsi and Nasef Sawirs had been removed from the travel ban list.
Onsi Sawiris is the head of the (...)
Head of the Egyptian Exchange (EGX) Mohamed Omran has made a request to Prime Minister Hesham Qandil to step down from his current post.
Omran announced in April 2012 his intention to resign from his position as head of the EGX, but Qandil refused (...)
Board of Directors elections for the Egyptian Exchange (EGX) will take place on 17 June, confirmed head of the EGX Mohamed Omran.
“The call for nominations will be on 12 May, with the final decision on candidates for the race announced on 9 June," (...)
The Economic Committee at the Shura Council postponed its approval of the new tax income draft law until Tuesday during a Monday session, in order to discuss the budget instead.
“The Committee has postponed the new tax income draft law approval (...)
Orascom Telecom Holding (OTH) has hired HC Securities and Investment as an independent financial advisor for the offer by Cyprus-based Baskindale to buy 100% of its shares.
Baskindale has offered to purchase 100% of OTH's shares, a total of (...)
The Egyptian government announced on Sunday the creation of three new tunnels under the Suez Canal as part of the framework of the Canal Region Development Plan.
The government has signed an agreement via the National Authority for Tunnels (NAT) on (...)
Hotel prices will be reduced by 40% compared to last year during the summer season as part of a Ministry of Tourism marketing campaign to attract more tourists to Egypt, said Mohamed Soliman, manager at tourism company Al-Rawas Group.
“In the Red (...)