The BI-ME eNewsletter
21st November, 2009, 04:08
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Egypt
FEATURED REPORT...
Posted: 11-03-2008
EGYPT. Egypt's urban consumer inflation jumped to an 11-month high in February as prices for food and beverages surged, raising pressure on the country's central bank to hike interest rates for a second time this year. The urban consumer price index rose 12.1% year-on-year in February, from 10.5% in the year to January, the government statistics agency CAPMAS said on Monday.
In its breakdown by sector, CAPMAS said prices of food and beverages rose 16.8% year-on-year. It said this was due to a 26.5% rise in the prices of bread and grain, and a 20.1% increase in the prices of dairy produc
Posted: November 19, 2009
EGYPT. Business leaders have issued a stark warning that the demise of the UN-linked IGF could impede the ability of the Internet to drive economic growth and improve societal benefits.
Posted: November 19, 2009
INTERNATIONAL. The enterprise value of this acquisition is AED145 million (US$34 million).
Posted: November 17, 2009
EGYPT. Orascom Telecom, the biggest mobile-phone company in the Middle East, may merge with a competitor by 2011, its CEO said.
Posted: November 16, 2009
UAE. Etisalat has attained a new benchmark in mobile value added services with the launch of International Voice SMS for its UAE customers today.
Posted: November 16, 2009
INTERNATIONAL. South Asia, Middle East and North Africa Telecommunications Council conference in Istanbul, Turkey, Senior Vice President of du, reiterated the need for more dialogue within the industry, to increase broadband proliferation in the region.
Posted: November 16, 2009
INTERNATIONAL. Clients will be able to trade in all markets through a one-stop-shop portal and one account, as well as have a consolidated view of their entire portfolio through a single system.
Posted: November 15, 2009
EGYPT. Data shows 10% increase in Internet access boosts economic growth by 1.3%.
Posted: November 15, 2009
INTERNATIONAL. MENA is currently the only region which is experiencing growth in the airline industry this year, according to recent remarks by the head of the International Air Transport Authority.
Posted: November 14, 2009
INTERNATIONAL. Arab stocks recorded mixed performances this week despite gains in global markets, oil prices hovering around US$80 per barrel for most of the week and an overall better feeling about the strenght of the global recovery.
Posted: November 10, 2009
EGYPT. Egypt's inflation rate increased for a second month in a row, backing the central bank's decision to halt a series of cuts that pushed the key interest rates to a three-year low.
Posted: November 10, 2009
INTERNATIONAL. Etisalat will be extending its UAE local MPLS network upto US, UK & to Egypt, KSA, and Kuwait on its own backbone, whereas the connectivity at the distant end will be provided by local partners.
Posted: November 9, 2009
INTERNATIONAL. Mixed earnings announcements and weak global markets put the UAE markets under pressure in October.
Posted: November 8, 2009
UAE. E-Marine today hosted a delegation of senior media representatives from Egypt onboard one of its cable ships at Port Rashid, Dubai.
Posted: November 8, 2009
EGYPT. Hazem Yousef, General Manager of the Egyptian Arab Land Bank, stated, 'Our participation in this leadership workshop falls in line with the Bank's commitment to continually develop and invest in the talent of our human resources.
Posted: November 7, 2009
INTERNATIONAL. Arab stock markets plummeted for the second week in a row, reflecting retreating confidence on the part of investors who appeared increasingly geared to the performance of global bourses.
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RedditMIDDLE EAST BUSINESS COMMENT & ANALYSIS
date:Posted: November 19, 2009
INTERNATIONAL. A majority of investors expects the US Federal Reserve to hold off from raising interest rates until the second half of 2010, according to the BofA Merrill Lynch Survey of Fund Managers for November.
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date:Posted: November 19, 2009
INTERNATIONAL. Faber said, considering the size of the stimulus packages and the monetary printing, the US economy hasn't responded well. What have responded well are asset markets but unemployment is horrrible and the typical household is suffering.
date:Posted: November 18, 2009
INTERNATIONAL. The global health industry is worth around US$4.2 trillion. As GCC countries continue to develop world class healthcare systems, they must avoid pitfalls of the developed markets, according to AT Kearney.
UAE. Dubai ruler Sheikh Mohammed Bin Rashid Al-Maktoum tightened the control of the emirate's largest holding company, the Investment Corporation of Dubai.
The dollar is on death row with no one prepared to grant a stay of execution, says Louis JamesPosted: November 18, 2009
INTERNATIONAL. This situation gives rise to increasingly positive prospects for gold and other commodities that may ultimately stand in as the world's reserve currency. And there are some pretty hot speculative prospects - Louis' 'best of the best' - waiting in the wings for the market's next big leg down.
