Arab African Bank signs agreement with Temenos, IBM to develop tech systems
The Arab African International Bank (AAIB) signed an agreement with leading banking systems company Temenos and IBM, specialised in manufacturing and developing software, to develop the bank’s core banking system.…
$600m from World Bank for Egypt’s small-, micro-enterprises
Total funding from the World Bank has reached $5.4bn over 25 projects, according to World Bank Former Country Director for Egypt, Yemen and Djibouti Hartwig Schafer.
NBAD-Egypt represents 8% of bank’s total activities
Bank targets activating brokerage in commerce between the east and west for development
Egypt to build 2 solar power plants in Congo
Project implementation assigned to Arab organisation for Industrialisation by direct order
AfDB loans worth $140m finalised for Sharm El-Sheikh airport extension
A grant amounting to $1.7m also provided for the development of the airport's second phase
Initiative to postpone payment of tourism dues to end of this year
Losses of tourist activity nears $10bn over the past four years, using 2010 a standard to measure tourism income in Egypt
Tasneef, ADNATCO sign Inspection and Quality Certificates agreement for 2 ships
The two vessels, Al Bazm-II and Al Sadr-I, are the first of their kind to be classified by Tasneef.
Ayady Company to launch projects in Q2 2015
The company was founded with an initial capital of EGP 10bn
German automotive companies file lawsuit against Egyptian Customs Authority
German companies filed a lawsuit against the authority in objection to the application of indicative prices.
Mehleb to meet Emirati, Saudi, Kuwaiti ministers in Cairo on GCC investments within 2 weeks
Capital gains tax to be hampered starting from 17 May 2015, outcomes paid by investors before May will not be returned
