CAIRO: Data coming from the United Arab Emirates on Wednesday has posted inflation to its highest rate in 9 months on an annual basis in April, despite an ongoing price decline in its trade and business hub Dubai. Annual consumer price growth in the $360 billion economy, the second largest among Arab countries, picked up [...]
KUALA LUMPUR: Malaysia and the Philippines are looking to increase their economic relationship and announced plans to hold the first Philippines-Malaysia Investment Partnership Forum on May 29. The forum aims to boost trade and business between the two Asian countries, the Philippines Embassy in Kuala Lumpur said on Tuesday. The embassy said in a press [...]
KUALA LUMPUR: The Malaysia government is looking at the United States as a means of boosting investment to the country, Malaysia’s Ambassador to the US Datuk Othman Hashim told reporters on Tuesday. He said Kuala Lumpur was hopeful that increased business discussion between the two countries would assist in developing Malaysia’s economy in the years [...]
SINGAPORE: Singapore and India have recently reaffirmed their bilateral ties and pledged further collaboration in the areas of science and technology as well as education. The pledge occurred during the second joint ministerial committee meeting between the Indian Prime Minister Manmohan Singh and Singapore’s Minister of Foreign Affairs, K Shanmugam, in New Delhi, India. Singapore [...]
CAIRO: Abu Dhabi’s government will invite bids for a new t water and power project, its ninth facility, by September as it boosts capacity to meet rising demand in this vital sectors, sources told reporters on Wednesday. “Advisors for the project will be appointed first and the process of prequalifying companies will start in about [...]
CAIRO: HSBC, Europe’s biggest bank unveiled on Tuesday large first-quarter profits, helped by emerging markets growth and higher income at its investment banking division according to a press release posted by the bank. “Underlying pre-tax profits jumped by 25 percent to $6.8 billion (5.2 billion euros) in the three months to March 31 compared with [...]
CAIRO: Saudi Arabia billionaire Prince Alwaleed bin Talal is targeting three big investments in the near-term, setting a high bar for the acquisitions as he pursues ambitious returns of at least 20 percent, he told Handelsblatt’s Tuesday edition, a German newspaper. “We are currently in talks over three quite big (investment) projects – one in [...]
CAIRO: Egypt’s main index ended its weekly sessions soaring on Thursday, amid a very weak trading volume, as traders waited for details of a regulatory decision on France Telecom’s bid to buy out most of Orascom Telecom Media and Technology’s stake in Mobinil. Egx30, the main index, edged 0.8 percent higher to close at 4708 [...]
CAIRO: Overall dept in Jordan has increased by around 15 percent over the past year, amounting to $21 billion by the end of February, finance Ministry spokesman released on Wednesday. “The debt has Exceeded 65 percent of our growth domestic product, and stood at $17.7 billion at the end of 2010″, stated the Ministry’s website. [...]
CAIRO: Data from Dubai customs, released on Wednesday, showed that Dubai’s foreign trade jumped by a record 22 percent in 2011, driven by strong flows with Asia, which offset the impact of international sanctions against Iran, the emirate’s traditional trade partner. “Dubai has benefited from market openness and from its modern infrastructure, adding that strong [...]
CAIRO: Egyptian indexes ended its daily session on Tuesday dipping due to the current presidential elections controversy, which added doubts over a real transition to democracy EGX30, the main index, fell by 1.2 percent to 4,679 points, its lowest close in 10 weeks. “People in Egypt await the final verdict on who is eligible to [...]
CAIRO: British cell phone giant, Vodafone, served a legal notice on Tuesday against the Indian government, rejecting a plan to retroactively tax overseas business deals, saying it violated the rights of foreign investors in India, according to a press release from the company. The company said that the Indian move is a bid to bypass [...]
CAIRO: Coca-cola, American beverages giant, has posted a surge in its profits of 1st Quarter of 2012, as sales in emerging markets like India, China and Brazil gave earnings a solid boost in the first quarter, the company reported Tuesday. A press release showed that Net income for the quarter to March 30 was up [...]
CAIRO: The International Monetary Fund said on Tuesday that the global economy is in an “uneasy calm”, predicting low growth, especially in debt-troubled Europe. “There is a feeling that things could get very bad again. That pretty much shapes our forecast,” IMF chief economist Olivier Blanchard told reporters. “Our baseline forecast is for low growth [...]
CAIRO: Saudi index ended its daily session on Monday dipping, as investors continued to book gains for the first Quarter of 2012 profits, especially on petrochemicals stocks; which weighted the index down to a five-week low. The index fell by 1 percent to close at 7278, its lowest close since Feb 29. However, bargain hunters [...]
CAIRO: Egypt’s main index ended up 2.1 % higher, after a surge by mobile operator Mobinil revived optimism that a deal for France Telecom to buy most of its shares will be preceded soon. EGX 30, Egypt’s benchmark index, closed at 4,652 points, ending six days of losses. “Talks between Orascom Telecom and France Telecom [...]
CAIRO: According to its Ministry of Economics, the Saudi Arabia’s gross domestic product grew by 6.6 percent in the fourth quarter of 2011. A press release statement mentioned that the GDP of KSA was able to accelerate about 5.1 percent in the third quarter of last year. Oil sector which forms nearly third of economy [...]
NEW DELHI: Rural women in the Indian State of Maharashtra, located along the west coast of India, will now have their own chamber of Commerce and Industry – exclusively for members of the weaker sex – supported in partnership with the Clinton Global Initiative, an offshoot of the President Clinton Initiative (CGI) based in New [...]
CAIRO: The German automotive giant, BMW, said on Wednesday that its sales in March 2012 has hit a new record, thanks to the growth in all its key markets, including USA, Germany and China. In a press release, BMW spokesman said that the automotive giant has sold 425,528 cars worldwide in the January-March period, with [...]
KUALA LUMPUR: Malaysia wants China’s business and they investors in an effort to boost the country’s economic growth, which has seen ups and downs in recent months. Malaysia’s Deputy Finance Minister Datuk Donald Lim Siang Chai said Chinese investors are being sought as China has been Malaysia’s biggest trading partner since 2009. “We were the [...]
Home and Garden | Dresses | Wedding Dresses UK | Used Car Prices UK | Forex Trading Online
XForex is an innovative company which has developed a robust and unique forex trading online platform for foreign currency trading.
Enter your email address below to receive updates each time we publish new content.
EGYPT: Sharia El-Mazhar, Zamalek,
Cairo, 11211
Newsdesk: 00 20 (0) 19 650 8236
If you are passionate about the environment, and want to accelerate the exchange of information, and the impact of change, this guide is for you.
Loading ...
