2024-11-14@04:56:36 GMT
إجمالي نتائج البحث: 28
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September 2, 2024 Friends, Today is a sad day. We’ve said goodbye today to 160 of our colleagues. We’ve reduced our workforce by 21 percent. We started a process of reform and restructure this summer with layoffs of four senior executives and more than a half dozen mid-level colleagues. Last month, we continued with a revamp of the digital department. I pledged to announce the largest wave of layoffs by early September. This is nevertheless a jarring day for the colleagues leaving us and for the entire company. As I’ve shared these past weeks, the moves we are making are obligatory. Congressionally mandated budget cuts have forced us to reduce company costs by nearly $20 million. As you’ve heard on multiple occasions, 70 percent...
قال المهندس سيف الوزيري، نائب رئيس إدارة الشركة المتحدة للتسويق الرياضي» وعضو مجلس إدارة المتحدة للخدمات الإعلامية، إنّ «المتحدة» تسعى إلى رفع القيمة التسويقية للدوري المصري عبر زيادة التنوع الجغرافي لأماكن البث. الشراكة بين «The PRO Company» والمتحدة لبث الدوري المصري وأضاف «الوزيري» خلال كلمته في المؤتمر الصحفي الخاص بتوقيع الشراكة بين المتحدة للرياضة وشركة «The PRO Company» لبث الدوري المصري في أمريكا وكندا وأوروبا: إنه كان من المهم أن نقدم منتجًا مختلفًا لتحقيق أقصى استفادة من الشراكة بيينا وبين شركة «The PRO Company» لبث الدوري المصري في أمريكا وكندا وأوروبا. وتابع: «أود أن أشكر جميع الرعاة الكبار المتواجدين معنا في هذا الاستثمار الرياضي المصري المميز، كما أشكر محمد يحيى لطفي وهشام زايد، ممثلي الشركة المتحدة للرياضة، وأشكر كل من ساهم في نجاح هذا...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division successfully completed its advisory on the USD 150 million initial public offering (IPO) of Miahona، one of the first developers of water and wastewater infrastructure under the public-private partnership (PPP) in the Kingdom of Saudi Arabia and a leader in water cycle management، on the Saudi Exchange. EFG Hermes acted as the Joint Financial Advisor، Bookrunner، and Underwriter on the transaction. Miahona offered a total of 30% of its total issued share capital through the sale of 48،277،663 existing ordinary shares at SAR 11.5 per share، implying a market capitalization of SAR 1.845 billion...
Reportage Properties، the leading UAE real estate developer، announced signing of an agreement with، the leading company in manufacturing furniture.The partnership created a new company، “IPS Reportage Construction and Development،” which will provide state-of-the-art services in construction and real estate development.The agreement was signed by Andrea Nucera، Managing Director of Reportage Properties، and Mohamed Farouk، Chairman and CEO of Mobica.Reportage PropertiesThe agreement aims to enhance cooperation to provide innovative solutions that improve the experience of Reportage customers and contribute to creating ideal work environments.Reportage Properties confirmed their interest in strengthening strategic partnerships with famous and distinguished companies working in the field، to continue achieving more success and sustainable growth.They bank on that partnership with Mobica to be a step towards...
EFG Hermes، an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that its investment banking division has successfully closed the issuance of a senior unsecured short-term note for the Hermes Securities Brokerage Company (HSB)، a wholly owned subsidiary of EFG Holding، in an EGP 600 million transaction. This marks the fifth issuance for the company and the second in an approved two-year program worth EGP 2 billion. The national scale long-term senior unsecured entity rating of "BBB+" with a Stable Outlook and the short-term senior unsecured issuer rating of "P2" to HSB have been affirmed by the Middle East Ratings and Investor Services (MERIS). The 12-month bullet note will have...
GE Vernova (NYSE: GEV) announced today that its spin-off from GE (NYSE: GE) is complete and it will begin trading as an independent company on the New York Stock Exchange (NYSE) under the ticker symbol “GEV,” effective at the market opening today. In a first for the NYSE, GE Vernova and GE Aerospace, which also launches as an independent company today, will ring the opening bell together at 9:30 AM ET.“Today, GE Vernova becomes an independent company singularly focused on accelerating the energy transition to create a more sustainable future,” said Scott Strazik, CEO of GE Vernova. “Our Power, Wind, and Electrification segments provide essential products and services to the electric power industry as we work to meet the growing...
GE Aerospace (NYSE: GE) today announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”. Today, April 2, 2024, at 9:30 a.m. ET, GE Aerospace and GE Vernova will ring the opening bell together at the NYSE.GE Aerospace Chairman and CEO H. Lawrence Culp Jr., said, “With the successful launch of three independent, public companies now complete – today marks a historic final step in the multi-year transformation of GE. I am tremendously proud of our team, their resilience, and their dedication to achieving this defining moment.”Culp continued, “Building on a century of...
EFG Hermes، an EFG Holding Company and the leading investment bank in the Middle East and North Africa (MENA)، announced today that it concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail، the largest franchise retailer in the Kingdom of Saudi Arabia. The retail giant has agreed to sell a select portfolio of brands to Abdullah Al-Othaim Fashion Company، a fully owned subsidiary of Abdullah Al-Othaim Investment Company. As part of the agreement، Cenomi Retail had reached a definitive share purchase agreement with Abdullah Al-Othaim Fashion Company for the acquisition of 100% of the share capital of Innovative Outfit Trading Company، a Cenomi Retail subsidiary holding the franchise rights for the 16 brands involved in the deal in December 2023، which closed...
Tanmeyah is a subsidiary of EFG Holding and a leading provider of financial services in Egypt with a concerted focus on the micro and small enterprise segments، announces that it was recognized as the ‘Best Place to Work’ by the Global Economics Awards، as well as the ‘Fastest Growing Microfinance Company’ for the second consecutive year. This recognition shines a light on Tanmeyah’s dedication to cultivating a thriving and supportive work environment for its employees and providing their customers with relevant microfinance products and services. Tanmeyah prioritizes providing its employees with exceptional work experiences built on the pillars of diversity، inclusion، and personal development. The company is dedicated to equipping its people with the tools and resources needed to flourish both...
The transaction comes as the Firm’s eighth advisory role on an IPO in the GCC region in 2023. EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed its advisory on the USD 315 million initial public offering (IPO) of Dubai Taxi Company (DTC)، a leading provider of comprehensive mobility solutions in Dubai، on the Dubai Financial Market (DFM). EFG Hermes acted as Joint Bookrunner on the transaction.DTC offered a total of 24.99% of its total issued share capital through the sale of 624،750،000 existing shares at AED 1.85 per share – implying a market capitalization of AED 4.6 billion (USD 1.26 billion). The IPO was met with a robust AED...
The acquisition is one of the flagship M&A deals in the state’s privatization program، which aims to attract FDIs and grow the private sector’s participation in the economy.Cairo، November 16، 2023EFG Hermes، the leading investment bank in Frontier and Emerging Markets (FEM)، announced today that it successfully concluded advisory to UAE investment firm Global Investment Holding Ltd on the USD 625 million transaction، which involves the acquisition of 30% in the Egyptian tobacco giant Eastern Company from Egypt’s state-owned Chemical Industries Holding Co. (CIHC) which was approved by the cabinet on the 3rd of September 2023. EFG Hermes acted as the sole financial advisor to Global Investment Holding Ltd in the acquisition. Maged El Ayouti، Managing Director and Deputy Head of...
دبي، الإمارات العربية المتحدة (CNN) -- افتتحت الفنانة الأمريكية الشهيرة دوللي بارتون منتجعا جديدا داخل مجمع متنزه "دوليوود" الترفيهي، الذي يقع شرق ولاية تينيسي الأمريكية. غنت دوللي بارتون بعض من أغنيتها "Heartsong" من عام 1994 خلال الافتتاح الكبير لمنتجعها الجديدCredit: Courtesy The Dollywood Company وافتُتح فندق "HeartSong Lodge & Resort"، الذي يتكونّ من 302 غرفة، الجمعة، وحرصت بارتون على إحياء حفل الافتتاح من خلال فقرة غنائية لتكريم جذورها الريفية في ولاية تينيسي. وفيما يلي نلقي نظرة خاطفة داخل فندق "HeartSong Lodge & Resort": نزل "ريفي عالي الطراز" تعتبر الجمالية العامة للفندق أقل جاذبية من خزانة الملابس المتلألئة الخاصة بالفنانة Credit: Courtesy The Dollywood Company من الواضح أن طفولة دوللي بارتون في سفوح شرق ولاية تينيسي تحتل مركز الصدارة هنا. وفي الردهة الرئيسية،...
The transaction marks the Firm’s second advisory role on an IPO on the Saudi Exchange this month، showcasing its dedication to the Kingdom’s burgeoning investment market.Riyadh، October 11، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the landmark SAR 4.572 billion (USD 1.219 billion) initial public offering (IPO) of ADES Holding Company (ADES)، a leading oil and gas drilling and production services provider in MENA، on the Saudi Exchange. EFG Hermes acted as Joint Financial Advisor، Global Coordinator، Bookrunner، and Underwriter on the transaction.ADES Holding Company offered a total of 30% of its total issued share capital through the sale of a mix of...
The recent crisis caused by the Houthi militia, Iran's arm in Yemen, with the Yemeni Airlines Company, has brought to mind the continuing inability of the legitimacy to impose its control over the banking sector and manage the economic file in Yemen. On Saturday, the company announced that it would stop operating the only flights from Sanaa Airport, which is under the control of the militias, to the Jordanian capital, Amman, due to the restrictions imposed by the militias since last March on the company’s financial accounts and balances in Sanaa, which exceeded $80 million.The company said, in a statement, that the Houthi militia recently banned the withdrawal of the Yemeni Company from its financial balances in Sanaa banks, noting that...
Yemen Airways revealed the imminent entry of a new plane into its fleet, days after the Houthi militia seized one of the company's planes at Sanaa Airport. According to the sources, the new plane was purchased last month, and it is an Airbus A320, the first of which was a 2013 model. The company named the plane that will soon arrive at Aden International Airport to join the fleet, “Humair.” This step came days after the Houthi militia, Iran's arm in Yemen, hijacked a Yemeni Airlines plane after it arrived at Sanaa Airport from Queen Alia Airport in the Jordanian capital, Amman.Late last August, Yemen Airways signed a final agreement with Feeling Company to purchase two Airbus A320 aircraft, the first a...
Yemen Airways said that the practices of the terrorist Houthi militia are pushing it to stop its flights to Sana'a International Airport, noting that the militias have imposed illegal restrictions since last March on the company's accounts and balances in Sana'a, while demanding more flights to Sana'a Airport.Al-Yemenia, according to a statement issued by it, said that its accounts controlled by the militias amount to $80 million, explaining that the ban on withdrawing the Yemenia company from its financial balances in Sana’a banks is linked to illegal and unreasonable demands and justifications, and has caused severe damage to the company’s activity, and it faces many challenges and difficulties. The company reiterated its commitment to the rules of humanitarian work first...
Government sources reported that the Minister of Interior, Major General Ibrahim Haidan, rebelled against the finance circular regarding the banks approved to disburse salaries starting last August.The sources explained to (NewsYemen) that Major General Haidan refused to comply with the instructions of the Ministry of Finance and the government regarding transferring the salaries of employees of the Ministry and its affiliated departments to one of the seven banks nominated by the Central Bank of Yemen.The seven banks, according to a Ministry of Finance circular issued early last August, are (the National Bank of Yemen, the Cooperative and Agricultural Credit Bank, Al-Kuraimi Islamic Microfinance Bank, Solidarity Bank, Shamil Bank of Yemen and Bahrain, Al-Qutaybi Islamic Microfinance Bank, and Aden Microfinance Bank).In...
The IPO marks a significant milestone in Lumi Rental Company’s growth journey and showcases EFG Hermes' commitment to facilitating landmark transactions in the KingdomRiyadh، September 25، 2023EFG Hermes، the leading investment bank franchise in Frontier and Emerging Markets (FEM)، announced today that its investment banking division successfully completed advisory on the USD 290 million initial public offering (IPO) of Lumi Rental Company، one of the leading car rental and leasing companies in the Kingdom of Saudi Arabia. EFG Hermes acted as joint bookrunner on the IPO. Lumi Rental Company offered a total of 30% of its total issued share capital، equivalent to 16،500،000 shares، at SAR 66 per share، implying a market capitalization of SAR 3.63 billion. The IPO witnessed a...
About 40 years before the Houthi leader Mahdi Al-Mashat spoke and claimed to produce medicines, the Yemeni Company for Pharmaceutical Manufacturing and Trade (YEDCO) in northern Yemen was sending its medicine products to the markets in September 1983, as a national joint-stock company whose production volume grew annually to reach 81 types according to the latest data. Open company.About 30 years before Al-Mashat’s allegations about the production of medicines, 4 private sector production companies had begun producing 850 types of medicines. In fact, two of these companies, namely (Saba Pharma and Shafaco), had their products reach the markets of more than 20 Arab and African countries, including United Arab Emirates, Saudi Arabia, Sultanate of Oman, Bahrain, Jordan, Iraq, Libya, Sudan,...
Official media outlets affiliated with the terrorist Houthi militia have joined the campaign carried out by parliamentarians and legitimacy officials affiliated with the Islah Party, the local branch of the terrorist Brotherhood organization, and are seeking to abort the government's efforts aimed at ending the militias' dominance over the communications sector. The September 26 website, in its Houthi version, promoted the allegations currently being circulated that the legitimate government is seeking to sell the telecommunications sector to an Israeli company.Despite the important political and economic benefits that the government will gain from the partnership agreement, politicians and parliamentarians affiliated with the Brotherhood, and behind them the Houthis, insist on stopping it under the justifications of national sovereignty and the broken constitution...
Zenith International Energy Production and Development Company, based in Canada, announced its withdrawal from the deal to purchase oil sectors in the Yemeni governorate of Shabwa belonging to the Austrian company (OMV Yemen). The company published a statement confirming its withdrawal from the purchase deal that was announced in early January of the year 2023; The company justified its withdrawal by not meeting the conditions required to complete the agreement between the two partiesZenith confirmed the recovery of the first deposit of $4,323,800 million, in addition to accrued interest, after it was agreed with (OMV Yemen) to terminate the agreement. Zenith, which owns a 49% stake in OMV Yemen, agreed on January 3, 2023 to purchase the remaining shares in a deal...
The objections launched by prominent leaders of the legitimate government against the establishment of an independent telecommunications company in the capital, Aden, revealed the reality of the masks behind which those leaders hide to serve the Houthi project and its continued control over the most important revenue sectors in Yemen. The attacks reached the point of calling for an investigation with Prime Minister Maeen Abdulmalik and those in charge of the Ministry of Communications. Under many signs and hangers, including "forfeiting the sovereignty of the homeland and national security" and other accusations behind which there is a hidden agenda aimed at disrupting any efforts to liberate communications from the Houthi grip and restore the most important state revenues to the treasury...
The moves aimed at halting the agreement to establish a joint telecommunications company between the Yemeni Telecommunications Corporation and the UAE company NX have sparked widespread political and societal anger, as they serve the continued dominance of the terrorist Houthi militia, Iran’s arm in Yemen, over the telecommunications sector and deprive the state of significant financial resources.In its meeting held on Monday, August 21, 2023, the Yemeni government approved a draft agreement to establish a joint Yemeni-Emirati telecommunications company to provide mobile phone and Internet services.Governmental and political circles unanimously agreed on the importance of this step to liberate the telecommunications sector from the control of the Houthi militia.The Supreme Committee for Sovereign and Local Revenue confirmed that this agreement...
The Brotherhood forces in the legitimacy entity are desperate to thwart the efforts of the Presidential Leadership Council seeking to end the monopoly of the Houthi terrorist militia, Iran's arm in Yemen, on telecommunications and the Internet by establishing a joint company that provides these services in liberated areas that are not under Houthi control.And with the announcement of the parity government, in its meeting on Monday, corresponding to August 21, of a draft agreement to establish a joint Yemeni-Emirati telecommunications company to provide mobile phone and Internet services, the Brotherhood’s arms in Parliament began moving to abort this project through a letter addressed by the Speaker of the Council, Sultan al-Barakani, to the President The government asked to stop...
A recent report prepared by a parliamentary investigation committee revealed a negligent stance by the legitimate government towards the telecommunications companies under Houthi control in Sana'a and operating in the liberated areas. The final report of the parliamentary fact-finding committee on what has been reported in a number of sectors, including telecommunications, referred to the government and the Ministry of Communications' dealings with the telecommunications companies "YOU" and "Yemen Mobile", which are under the control of the Houthi group in Sana'a.The committee said in its report that it had noticed a state of duplicity in the position of the government and the Ministry of Communications in dealing with the mobile company MTN, which was operating in Yemen, and sold this right...
A parliamentary report revealed exciting details and resounding scandals about the reasons for the continued failure by the legitimacy for 8 years to withdraw the communications file from the hands of the Houthi militia or to establish a new system in the liberated areas away from its control. On Saturday, the House of Representatives published the final report of the Parliamentary Fact-Finding Committee on what has been raised in the sectors of (electricity - oil - telecommunications - financial aspects).The recommendations and conclusions contained in the committee's report, as well as the responses provided by the government side on the communications file, revealed shocking details and facts of the way the file was managed over the past years and resulted in...
The Yemeni government's decision to approve the establishment of a new telecommunications company angered the Brotherhood, the local wing of the "Islah Party", which was quick to announce its rejection of this company that serves the liberated areas and ends the Houthi hegemony over the telecommunications sector in Yemen. About 21 parliamentarians, most of them from the Islah Party or their loyalists, rushed, just hours after announcing this decision, to express their refusal and address a letter of objection to the Prime Minister on the establishment of a joint communications company between the government side and the telecommunications company "NX" operating in the United Arab Emirates. The parliamentarians argued in their speech that the reason for their rejection of the government's decision...
The move reflects Valu’s growth and transformation to better serve its clients، underscoring the breadth and depth of its portfolio of value-accretive financial solutionsValu، MENA’s leading financial technology company، announced today a strategic rebranding، marking a pivotal shift in its brand architecture. Today، Valu is no longer just a Buy-Now، Pay-Later (BNPL) platform nor a consumer finance player only; it has evolved to become a universal financial technology powerhouse with a comprehensive suite of financial solutions. The rebranding is a milestone in the company’s journey of growth and transformation as it represents its commitment to better serving its clients and expanding its reach in the dynamic world of financial technology. Valu has consistently been at the forefront of innovation and a...
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