news

Egypt’s debt-to-GDP ratio hits 10-year low in Q1-19/20
24 - Mon - Feb - 2020
Egypt’s debt-to-GDP ratio hits 10-year low in Q1-19/20
 Egypt’s public debt to gross domestic product (GDP) ratio fell to its lowest level in 10 years, registering 66.5% at the end of the first quarter of fiscal year 2019/2020.According to data released by the Egyptian cabinet, the country’s public debt to GDP ratio peaked…
Kuwait’s health ministry: Evacuees from Iran “free from Coronavirus”
24 - Mon - Feb - 2020
Kuwait’s health ministry: Evacuees from Iran “free from Coronavirus”
 All Kuwaiti nationals who have arrived from Iran on Saturday, 22 February, are “free from the new coronavirus (COVID-19) or any other communicable diseases”, Kuwait’s health minister Dr. Basel Al Sabah said.In a response to growing concerns over the new virus outbreak, Kuwait has planned…
Egypt’s West Bakr wind farm to produce 2,000 GW annually
24 - Mon - Feb - 2020
Egypt’s West Bakr wind farm to produce 2,000 GW annually
 Egypt is currently building West Bakr wind farm in the Gulf of Suez at a capacity of 250 megawatts (MW) with total investments of $330 million, spokesman of the Egyptian Ministry of Electricity and Renewable Energy, Ayman Hamza, said.Scheduled for commencement by the end of…
Oriental Weavers Carpet’s profit jumps 55% in 2019; dividends proposed
24 - Mon - Feb - 2020
Oriental Weavers Carpet’s profit jumps 55% in 2019; dividends proposed
The consolidated financial statements of Oriental Weavers Carpet showed a 55.4% year-on-year profit surge during 2019.Net profits leapt to EGP 855 million last year from EGP 550.23 million in 2018, including minority shareholders’ rights, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.In…
New AI solution promises automation with one click
24 - Mon - Feb - 2020
New AI solution promises automation with one click
Automation Anywhere announced the world’s first integrated artificial intelligence (AI) driven process discovery solution for business processes.The US-based company, which specializes in Robotic Process Automation (RPA), says that the new solution can create bots to automate business processes with just one-click, using AI and machine…