news

Sisi approves EUR 290m funding deal to purchase 100 locomotives
05 - Thu - Dec - 2019
Sisi approves EUR 290m funding deal to purchase 100 locomotives
 The Egyptian president Abdel Fattah El-Sisi approved a funding agreement to purchase 100 locomotives for the Egyptian National Railways (ENR).Egypt and the European Bank for Reconstruction and Development signed a funding agreement worth EUR 290 million on 19 June 2017, the Egyptian Official Gazette reported…
bitFlyer facilitates crypto purchases in Europe
05 - Thu - Dec - 2019
bitFlyer facilitates crypto purchases in Europe
Japanese cryptocurrency exchange bitFlyer will make it easy for its customers in Europe to purchase digital assets through credit and debit cards and other transfer methods.The cryptocurrency giant on Thursday launched a new Instant Buy upgrade to its Buy/Sell platform, where users can buy directly…
Rameda’s stock to start trading on EGX on 11 December
05 - Thu - Dec - 2019
Rameda’s stock to start trading on EGX on 11 December
Oversubscription funds of the public offering of Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Reagents (Rameda) will be returned to subscribers starting from 5 December.Rameda’s stock will start trading on the Egyptian Exchange (EGX) on 11 December, according to a bourse disclosure on Thursday.The pharmaceuticals company’s…
Google’s algorithm takes its toll on Expedia as executives resign
05 - Thu - Dec - 2019
Google’s algorithm takes its toll on Expedia as executives resign
 Markets are worried over the headwind hitting Washington-based travel technology company Expedia after its CEO Mark Okerstrom and CFO Alan Pickerill were forced to resign following a clash with the board.Giving Expedia’s disappointing Q3 results, there is a general consensus that the resign of Okerstrom…
BP ups stake in Lightsource BP to 50%
05 - Thu - Dec - 2019
BP ups stake in Lightsource BP to 50%
 BP has approved to purchase additional equity in in international solar developer Lightsource, raising its stake to 50% from 43%.The new investment will “help accelerate Lightsource BP’s growth, supporting its ambitious drive towards 10GW of developed assets by the end of 2023,” according to a…