MOVES- The National Bank of Kuwait-Egypt has named Yasser El Tayeb (LinkedIn) as its new managing director, according to a bourse filing. El Tayeb was formerly the bank’s deputy managing director.
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Schneider Electric Egypt names deputy CEO
MOVES- Schneider Electric Egypt has appointed Sherif Abdel Fattah as deputy CEO,Al Ahram reports. Abdel Fattah has worked at the company since 1991.
Fadi Abi Nader appointed Mars-Wrigley’s strategic initiatives office director
MOVES- Fadi Abi Nader (LinkedIn) has been appointed Mars-Wrigley’s strategic initiatives and reinvention management office director. Abi Nader has worked in the company for 15 years, most recently as the market director for Egypt, Libya and Sudan. Abi Nader and his team doubled the size of the Egypt business over the past four years and […]
Amer Group names new CFO and IR director
MOVES- Mahmoud El Ghetany has been named CFO and IR director at Amer Group, replacing Riad Refaat, who has been made a non-executive board member.
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Emerging markets risk widening infrastructure gaps as public investment falls to record low
Emerging markets risk widening infrastructure gaps as public investment falls to record low: Emerging market governments are spending less than 1% of GDP on public investment for the first time ever, marking a historic low, according to IMF data cited by the Financial Times. Infrastructure such as transport, hospitals, schools and power currently receive just […]
Egypt’s lobbying had an alleged role in US support of Libyan military leader
Successful lobbying from Egypt and Saudi Arabia is behind Washington’s recent decision to throw support behind Libyan military leader Khalifa Haftar, reports The Wall Street Journal. The US for years had supported the UN-backed government in Tripoli, but reversed that decision after President Abdel Fattah El Sisi and Crown Prince Mohammed bin Salman voiced concerns […]
Egypt and Bahrain talk regional cooperation
Talks between President Abdel Fattah El Sisi and Hamad bin Isa Al Khalifa are top news on the front pages of state run dailies Al Ahram and Al Gomhuria. In their meeting, the state leaders discussed boosting regional ties in the face of obstacles and combating attempts of foreign intervention.
The day that changed the world as we know it
The day that changed the world as we know it: The launch of Telstar 1, the first active communication satellite in space, on 10 July 1962, sowed the seeds for everything from advances in television and radio to the ability to track greenhouse gas emissions, refugee movements, and urban traffic flows, this Bloomberg video tells […]