Women work on a production line at the mobile phone factory in Assuit, Egypt. Reuters
Egypt’s non-oil private sector economy saw renewed growth in April, according to latest PMI data. Output expanded for the first time in nearly one-and-a-half years and new business increased at a faster rate. Input purchasing and job numbers also rose, while business sentiment towards the year-ahead outlook for activity strengthened.
Egyptians go to the polls today, for the third day, in a referendum on constitutional changes which will grant President Abdel Fattah Al Sisi the possibility to remain in power until 2030. Without the amendments he would leave office in 2022. A general-become-field marshal, he stepped into the breach after the army, with popular approval, ousted Muhammad Morsi who had been elected to the top job in 2012.
The Nile, the life giver of ancient, medieval and modern Egypt is running dry. The world’s longest river, the Nile has watered and nourished Egypt with silt from deep in Africa for millennia.
During a recent class at Cairo University, students laughed as they watched a skit acted out by their peers about a married couple. The husband came home from work and asked his wife, who was sweeping the floor, why dinner wasn't ready.
Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy.
A recently signed agreement between Al Ain Cement Factory, a subsidiary of Arkan Building Materials Co, a leading manufacturer of building materials in UAE, and the National Cement Factory (NCF)
The Indian equity markets is set to face another volatile week ahead, as the ongoing flight of foreign funds is expected to continue on the back of latest taxation surcharge on the super rich category along with subdued quarterly earning numbers.
Government initiatives have stimulated the residential and commercial sectors, whilst the country’s hospitality and retail segments continue to benefit from diversification efforts - according to the H1, 2019 Riyadh Market Snapshot by global real estate