news

Nigeria’s financial-inclusion rate to hit 80% by year-end
01 - Sun - Dec - 2019
Nigeria’s financial-inclusion rate to hit 80% by year-end
The Central Bank of Nigeria (CBN) is planning increase licences issued to payment providers to boost Nigerian financial-inclusion rate to 80% by the end of 2019, compared to the current 60%, according to Bloomberg.The provision of licenses to various companies will support innovation and competition…
Daimler plans to cut thousands of jobs in 3 yrs
01 - Sun - Dec - 2019
Daimler plans to cut thousands of jobs in 3 yrs
Daimler on Friday announced thousands of job cuts worldwide in the next three years, as the auto manufacturer aims to reduce staff costs by then.This came after the Mercedes-Benz owner agreed with the General Works Council on a raft of measures to cut costs and…
Egyptian Stock Exchange Morning Report 01-12-2019
01 - Sun - Dec - 2019
Egyptian Stock Exchange Morning Report 01-12-2019
Egyptian Exchange Morning Report 01-12-2019general news, corporate news, global indices,global indices,official exchange rates,commodities, interest ratesmacroeconomicindicator, stock picks,calendar.Please read or drive from the attached link◄
Renault-Nissan-Mitsubishi to name alliance General Secretary in days
29 - Fri - Nov - 2019
Renault-Nissan-Mitsubishi to name alliance General Secretary in days
Renault-Nissan-Mitsubishi on Friday said that it will name a general secretary in the upcoming days as a first step towards boosting the operational efficiency of the Franco-Japanese auto alliance, according to a press release.The new executive will be a major part of coordinating and facilitating…
Kabo turns to loss ending Sept. 2019
29 - Fri - Nov - 2019
Kabo turns to loss ending Sept. 2019
El Nasr Clothes & Textiles (Kabo) (KABO) announced in a statement sent to EGX, the audited financial results for the fiscal period starting July 1, 2019, and ending Sept. 30, 2019. The company incurred consolidated net losses of EGP 4,102,875, compared to net profits of EGP 6,521,651 in the same period…