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Saudi’s cranes at Yemen ports to boost aid delivery

UNITED NATIONS / Reuters Saudi Arabia said it was installing four cranes at three ports in Yemen to help boost humanitarian aid deliveries and was ready to assist with installing cranes at the key port of Hodeidah once it was under control of a neutral party. The Saudi mission to the United Nations said in a statement that the cranes ...

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Egypt’s GB Auto sees demand revival as dealers’ inventories fall

CAIRO / Reuters GB Auto, the Egyptian automotive assembler and manufacturer, expects demand for cars to pick up by the end of 2017 as dealers run down inventories, the company’s CEO said. Consumer demand in Egypt took a hit in November last year, when the central bank floated the pound currency to secure a three-year $12 billion International Monetary Fund ...

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Infosys offers to buy back $2bn of shares as CEO quits

Bloomberg Infosys Ltd. approved a 130 billion rupees ($2 billion) share repurchase to improve returns for stakeholders of the Indian software exporter a day after Chief Executive Officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-Chairman N R Narayana Murthy. Asia’s No.2 software services developer voted to buy back as many as 113 million ...

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