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Marasi News, AASTMT deal focus on maritime sector capability

Egypt / Emirates Business Dr Ismail Abdel Ghafar, President at the Arab Academy for Science, Technology and Maritime Transport (AASTMT) and Marasi News signed a protocol for media collaboration that aims at highlighting the great economic capabilities infatuated by the Arab maritime sector. The agreement also reinforces the strategic role of the Arab Academy as one of the most important ...

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Huawei sees slowest growth in years as it takes on Apple

Bloomberg Huawei Technologies Co. warned of its slowest revenue growth since 2013, despite making headway against Apple Inc. in global smartphones. Revenue at China’s biggest telecommunications gear maker probably rose 15 percent to $92 billion in 2017, rotating Chief Executive Officer Ken Hu said in a letter to staff posted on the company’s verified WeChat account. That’s down from 2016 ...

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China’s Fosun plans to raise $3.2 billion selling local bonds

Bloomberg Fosun Group is planning to raise as much as $3.2 billion selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country, according to people familiar with the matter. Fosun unit Shanghai Fosun Hi Technology Group Co. intends to offer 6 billion yuan of medium-term notes after completing registration in 2017, the people ...

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