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A Fine Bargain

Retail conglomerate Majid Al Futtaim’s $1.3bn investment plan in Egypt was announced when economic growth was still fledgling. But two years from then, the company and its CEO Alain Bejjani’s commitment seems to have paid off as Egypt’s economy surges. For Alain Bejjani, the reason for Majid Al Futtaim’s sizeable presence in Egypt is quite …

Forbes Middle East

Hill+Knowlton Strategies MENA appoints Bashar AlKadhi as CEO

 Hill+Knowlton Strategies appointed Bashar AlKadhi as its new CEO in MENA, overseeing the company’s business across the Middle East, North Africa, and Turkey. He will assume the position in September. AlKadhi joins from the role of COO at Hill+Knowlton’s fellow WPP company ASDA’A Burson-Marsteller, a position he had filled since 2010. Prior to that, he held several senior …

Daily News Egypt

Vodafone-Egypt appoints Stefano Gastaut as CEO

Vodafone Egypt reshuffled its leadership and appointed Stefano Gastaut as the company’s CEO, replacing Ahmed Essam. Gastaut will assume duties starting September. Gastaut joined Vodafone in 2004. His first steps with the international mobile carrier began in Vodafone Italy, where he was promoted several times before becoming the CEO of Vodafone Partner Markets, which includes …

Mohamed Alaa El-Din

VW paves the way for big changes ahead

Seeking to move past its Dieselgate scandal and catch up with the rapidly changing auto industry, VW is focused on a brighter, more nimble future. It wants to hand its brands more power and boost their cooperation.

Deutsche Welle

Tesla’s big bet

The stakes are high for Tesla and its new mid-priced Model 3. Growing competition in the electric car market and a dwindling amount of cash have left the company fighting for its survival.

Deutsche Welle

Mobinil plans to increase capital next year: CEO

In an interview with Daily News Egypt, Mobinil CEO Yves Gauthier discussed the latest developments regarding the company’s debt restructuring process. Gauthier also tackled the status of and challenges facing the telecom market in Egypt. How does Orange International evaluate the telecom market in Egypt? It’s a big market, the country has around 90 million …

Sara Aggour

OPIC to focus investments on franchise, renewable energy and SMEs

As part of the US delegation’s mission to Egypt, the Overseas Private Investment Corporation (OPIC), a US government financing institution, signed a $150 million deal with private equity group Abraaj Capital. The new commitment targets the enhancement and development of small and medium-sized enterprises (SMEs). Managed by Aureos Capital, Abraaj’s SMEs investment platform, the Riyada …

Mohamed El-Bahrawi