Source: The National. The Dubai-based ride-hailing firm Careem has bought a minority stake in a three month old Egyptian start-up that connects commuters with private buses in Cairo. Careem invested US$500,000 in Swvl and Magnus Olsson, the chief 'Xperience' officer, as he is known and co-founder, will take a board seat. Careem, which
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The Kobe Steel scandal: What we know so far
It's the latest big scandal to rock corporate Japan. Kobe Steel (KBSTY), a century-old industrial giant, has admitted to falsifying data on products sold to top customers like Boeing (BA) and Toyota (TM). It says as many as 500 companies could be affected, including manufacturers of Japan's famous bullet trains. Reported on
Egypt has been seeking foreign investments for the Suez Canal Economic Zone
Egypt’s Minister of Investment Sahar Nasr said that cooperation is ongoing between the ministry and the General Authority for the Suez Canal Economic Zone to attract nearly $30 billion in foreign direct investment to be allocated to infrastructure and logistics hubs in the Suez Canal Economic Zone within five years. The
Google has found Russian ads related to 2016 election
Google has identified tens of thousands of dollars in ad buys by Russian accounts that used YouTube or Google advertising to try to spread misinformation and sow discord in American politics, sources familiar with the company's investigation told CNN. REported on CNN. These accounts used YouTube, Google search advertising, Gmail advertising
The GOP Tax Reform Plan Has A Huge New Flaw
Reported on Fortune: The Republican Party has long championed granting companies a giant tax break for plowing funds into new plants, productivity-enhancing equipment, and groundbreaking IP. Indeed, no tax reform measure would do more to recharge America’s tepid growth than a blueprint that radically lowers the cost of fresh capital
Why SoftBank is investing in Uber and its big rivals
Reported on CNN: ِِApanese tech giant SoftBank has finally won Uber over. The ride-hailing company's board decided Tuesday to take a major investment from SoftBank (SFTBF). The news comes after the Japanese firm's CEO, Masayoshi Son, spent months publicly courting Uber -- but he's not looking for an exclusive relationship. SoftBank is
Bill Gates donated $4.6 Billion to Charity, which is his biggest gift since 2000.
Bill Gates donated $4.6 Billion to Charity Bill Gates, the world’s richest man, has donated $4.6bn (£3.6bn) in the Microsoft founder’s biggest gift to charity since he set up the Bill & Melinda Gates Foundation. Gates donated 64m Microsoft shares according to a US Securities & Exchange Commission filing. The recipient of the
The 3rd Annual Intelligent Cities Exhibition & Conference (ICEC 2017) Will Take Place October 2017 in Cairo
The 3rd Annual Intelligent Cities Exhibition & Conference (ICEC 2017) Will Take Place October 2017 in Cairo ICEC is the ideal platform for global industry leaders to deliver sustainable intelligent cities for the future generations ROOT Technologies, the organizer of Intelligent Cities Exhibition & Conference (ICEC) (www.icec-mea.com), has announced the dates of
Toshiba auditor to split opinion on finances, governance
Source: Reuters. The auditor for Toshiba Corp is likely to sign off on the conglomerate's annual results while giving a thumbs down on the group's corporate governance during a series of crises, people with direct knowledge of the discussions said on Tuesday. PricewaterhouseCoopers Aarata LLC will give a "qualified opinion" endorsing Toshiba's
Oil prices slip despite news of lower Saudi supply
Source: Reuters. Oil prices fell on Tuesday on increasing exports from key OPEC producers despite news of lower crude shipments from Saudi Arabia. Production from Libya's 270,000 bpd Sharara field is returning to normal after a disruption when protesters broke into a control room, the National Oil Corp said. Libya is exempt from