Forget the BRICs... the term coined by Goldman Sachs economist Jim O'Neill coined to identify the potential of the emerging economies of Brazil, Russia, India and China.
Abu Dhabi-based EMKE Group has opened its second and the largest Lulu Hypermarket in Kuwait at Al-Qurain Commercial city, Kuwait Times has reported. The new branch is the retailer's 79th, which aims to reach a milestone of 100 store by next year. "We plan to open two more hypermarkets in Yemen and four more in Egypt as part of our expansion drive," managing director M A Yusuffali said.
Egypt: The Egyptian government has said the country's economic growth had accelerated to an annualised 5.9% in the three months to end-June, Reuters has reported. "This indicates a near full recovery from the global crisis and a return to the path of rapid economic growth similar to the period before the global crisis," economic development minister Osman Mohamed Osman said in a statement. Gross domestic product for the financial year to end-June grew 5.3%, faster than the 4.7 % growth in 2008/09. Egyptian growth hit a record 7.2% in 2007/08 before the global downturn curbed tourism, foreign direct investment and Suez Canal revenues in the Arab world's most populous country. [AMEInfo.com]
AMD has announced the deployment of computers based on AMD's Phenom II X2 processors and AMD 780 chipset solutions, as part of a comprehensive tender agreement with the Ministry of Education in Egypt.
Today in an event held at Cairo Festival City, the development celebrated the successful delivery of 150,000 m3 of zero defect structural concrete for Festival Centre. Based on the collaborative work between Al Futtaim Carillon, Orascom CI Joint Venture and LafargeEgypt, the structural concrete has been progressively delivered over the last two years starting in October 2008.
Al Ansari Exchange, a leading provider of worldwide remittance and foreign exchange services, has signed a strategic partnership with the National Bank of Egypt (NBE), the oldest and largest commercial bank in Egypt, in a move to further expand its network of correspondent banks and agents worldwide.
THE national soccer team, Taifa Stars, is set for a big test on August 11 when they will play Africa Champions, Pharahos of Egypt in a friendly encounter in Cairo.
I have been compelled to write this article as a result of two events that have happened in the recent past. First the recent China -Afrika summit in Egypt and second as a result of a report that was published by the Trades Union Congress into Chinese human rights abuses in Afrika.
The U.S. government's deepwater oil drilling ban, which resulted from the BP PLC (PLC/a>) (NYSE ADR: BP) Gulf oil spill, prompted some readers to question how far U.S. authority reaches regarding offshore business, and what kind of international repercussions could result.
Q: Where do international waters begin for the Gulf of Mexico? I read somewhere if we didn't drill for oil in the Gulf that China was going to do so. When you are talking international business, does U.S. President Barack Obama have the authority to shut it all down?
HONG KONG/LONDON: BP has tapped HSBC to sell its stake in the Nam Con Son gas project in Vietnam, as it scrambles to hive off US$30 billion (US$1 = RM3.20) of assets to pay for the clean-up of the worst oil spill in US history, three sources said.
The British oil giant, which is on a campaign to sell a host of assets from Pakistan to Egypt, said last week it is seeking a buyer for its stake in the Nam Con Son gas project offshore southern Ho Chi Minh City, worth US$966 million by one estimate.
India's state-run explorer Oil and Natural Gas Corp and Petrovietnam - both partners with BP in the Nam Con Son project - are expected to
Samsung Electronics Co. Ltd., a leading mobile phone provider, today announced its Egypt H1 2010 growth figures for the Mobile Phone Division. The results were announced at the Samsung Mobile Workshop which also witnessed the launch of Samsung's latest mobile phone offerings to Egypt including the Samsung Wave (model: S8500) and Samsung Champ (model: GT-C3300K).
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The U.S. government's deepwater oil drilling ban, which resulted from the 
