Business Leaders Warn Against Demise of Internet Governance ForumCAIRO, November 19 - Business leaders have issued a stark warning that the demise of the Actis to Invest US$244 Million in Egypt’s Commercial International Bank to Become Largest Single ShareholderCAIRO - Actis, an emerging markets private equity specialist, is pleased to announce today that it has executed an agreement to invest US$244 million to acquire shares in Commercial International Bank, the leading bank in Egypt. Actis is acquiring 50% of the stake held by the consortium led by Ripplewood Holdings. The transaction makes Actis the largest single investor in CIB. Microsoft Announces Imagine Cup 2009 Worldwide WinnersCAIRO - - Students address the United Nations Millennium Development Goals with innovative technology. Imagine Cup 2009 Kicks Off in CairoCAIRO - - Global finals of the world’s largest technology competition begin today in Egypt. Electro-Motive Diesel, Inc. (EMD) Rolls Out the New JT42CWRM for Egyptian National Railways (ENR)CAIRO - Electro-Motive Diesel, Inc. (EMD) has rolled out the first JT42CWRM 3,300 THP locomotive at the Egyptian National Railways (ENR) facility in Cairo, Egypt. EMD will be delivering 40 locomotives by the third quarter of 2009. The first 15 units have been delivered and are being commissioned. EMD has a long history of supplying locomotives to ENR going back to the 1950’s. ENR’s fleet will consist of 681 EMD powered locomotives once this order is complete. These new JT42CWRM will be a welcome addition to the ENR fleet of EMD locomotives as the expansion of ENR’s rail business moves forward. International Anti Piracy Summit to be Hosted in Cairo-EgyptCAIRO - Phoenix Intelligence Support Services, Inc. - Anti Piracy Unit, Managing Director Mr. William “Bo” Fielding, announced today that due to the recent spiking violent piracy in the Gulf of Aden and surrounding areas with over 20 ships and more than 200 people currently being held by pirates, an emergency summit has been organized through contacts with the government of Egypt, Somalia, Djibouti, Yemen, Jordan, Panama, Malaysia, International Agencies and Industry leaders and others to bring together an unprecedented group of Top Level Government and private sector decision makers and experts from key government agencies, which will include major shipping, insurance, security and policy experts to present “immediate short term solutions,” as well as long term policy models, to combat the growing scourge of criminal piracy in the world’s most vital trade routes and waterways. |
