Industry & Trade
PM Mahlab to Lead Egypt's Delegation in US-African Summit
Published 2014-07-28 10:02:39| Amwal Al Ghad English
Egyptian Prime Minister Ibrahim Mahlab will lead his country’s delegation to the four-day US-Africa Leaders Summit due to be held in Washington on August 4. The summit titled “Investment in the next generation” will be an opportunity to discuss ways of encouraging development, increasing job opportunities and creating a healthy environment for the next generation. NGOs forums will be held on the sidelines of the summit. The summit will also tackle a number of issues like Africa’s integration in the international economy via enhancing African countries’ capabilities, encouraging investment in Africa, empowering youth and establishing peace and security in the black continent.
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The External Affairs and Legal Director for Vodafone Egypt Mr. Khaled Hegazy revealed that his company has 200 solar powered plants across republic. Vodafone seeks boosting the numbers of plants especially in desert roads and remote areas. He pointed out that relying on solar cells for power generation needs to large areas and certain environmental conditions, which cannot be supplied in conventional plants on rooftops and others. Meanwhile, Vodafone ruled out the depend on solar and alternative energies in order to operate mobile phone strengthen stations which affiliated to it so as to face the decision of raising fuel prices. The 3 mobile phone operators are currently studying the effect of fuel prices on their mobile services, Hegazy spoke to Amwal Al Ghad.
Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. But after more than a year of mostly disappointing quarterly results, that faith is being tested. Some on Wall Street wonder if Amazon may have bitten off more than it can chew. After an unusually busy first half of the year that saw the online retailer spend on developing everything from mobile phones and Hollywood-style production to grocery deliveries, investors are ready to see it curtail its ambitions and start delivering sustainable profits. Or at least offer evidence that Bezos' ever-increasing investments are going to soon generate appealing returns for its main online retailing business. "It does get frustrating when they continue to spend quarter after quarter and they don't let the revenue flow through," said Michael Scanlon, who manages $3.5 billion at Manulife Asset Management and holds shares of Amazon. "I'm definitely ready for profits." Others argue that easing off on the throttle now may thwart its goal of becoming the Wal-Mart of online retail. That is particularly the case as China's Alibaba - which handles more ecommerce than Amazon and eBay Inc combined - slowly develops a U.S. consumer presence and prepares for an initial public offering in the U.S.
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