Egypt Independent: Business-Main news http://www.egyptindependent.com//enhome_channel/Economy/rss.xml en Dunkin' Donuts partners with Coca-Cola to launch new coffee service http://www.egyptindependent.com//node/2473098 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2016/09/29/43/dunkin_donuts.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p>Dunkin&#39; Brands Group Inc (DNKN.O) said its donut chain, Dunkin&#39; Donuts, will partner with Coca-Cola Co (KO.N) to launch a line of cold coffee beverages in the United States, its first foray into the ready-to-drink coffee market.</p><div>The donut chain operator said the beverages, set to launch in early 2017, will be manufactured, distributed and sold by Coca-Cola.</div><div>&nbsp;</div><div>The bottled iced coffees will be sold at grocery, convenience stores, mass merchandizers and Dunkin&#39; Donuts restaurants.</div><div>&nbsp;</div><div>The company did not disclose financial terms of the deal.</div> Thu, 29 Sep 2016 17:11:00 +0000 Reuters 2473098 at http://www.egyptindependent.com sites/default/files/photo/2016/09/29/43/dunkin_donuts.jpg Careem expands offering with 'White Taxi' service http://www.egyptindependent.com//node/2473047 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2011/11/15/229/img_1.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><div>The ride-hailing company Careem has launched its own &quot;White Taxi&quot; service as an extra option for clients wishing to avoid hailing a cab in the streets.<br /><br />The company announced in September that it aims to integrate 42,000 &quot;white&quot; taxi cabs as part of service along with Engezny, Economy and Business &nbsp;</div><div>&nbsp;</div><div>The White Taxi service is currently available in Cairo, with more governorates to get coverage in the coming months.<br /><br />The company has trained 100 drivers so far as Careem Captains, while continuing to train thousands of White Taxi drivers on how to serve customers.</div><div>&nbsp;</div><div>&ldquo;We are incredibly excited about the integration of the White Taxis into our system. As the fastest growing startup in the MENA region, Careem is committed to supporting the local ecosystem in Egypt,&rdquo; said Wael Fakharany, managing director of Careem Egypt, in a statement.</div><div>&nbsp;</div><div>&quot;Egypt is a top priority market for us and we are heavily investing in both personnel and technology to reflect just how important it is,&quot; he continued.</div><div>&nbsp;</div><div>Fakharany said the new service &quot;gives the customer the right to choose the service needed through various available options in our app. In fact, this will not affect Careem&rsquo;s current services and that choice is very important to our clients.&quot;</div><div>&nbsp;</div> Wed, 28 Sep 2016 12:31:00 +0000 Al-Masry Al-Youm 2473047 at http://www.egyptindependent.com sites/default/files/photo/2011/11/15/229/img_1.jpg New tourism marketing campaign targets 12 European nations http://www.egyptindependent.com//node/2473046 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2015/12/01/94/tourists_in_an_egyptian_resort.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p>The marketing company GWT has launched a new campaign to attract tourists to Egypt, focusing attention on 12 foreign countries, in line with an agreement reached with the Egyptian Tourism Authority last year.</p><p>Hany Shoukry, the CEO of GWT, announced the launch on Tuesday, decribing it as Egypt&#39;s biggest ever tourism promotional campaign, costing more than US$20 million and lasting more than three months.<br /><br />The campaign was launched in Germany last week, said Shoukry in a press conference.<br /><br />Egypt has seen a dramatic drop in foreign tourists over the past five years due to the suspension of promotional campaigns abroad, he said.<br /><br />The campaign aims to change negative images of Egypt as a tourist attraction, said Shoukry.</p><p>In August 2015, GWT was awarded the job of promoting Egypt as a tourist destination, having previously won a similar contract from April 2009 to April 2012.<br /><br />Reham al-Sawy, the managing director of MindsShare marketing company, said the new campaign will invite European media companies to make documentary videos about different touristic destinations in Egypt, incudling Ras Sidr, Al-Gouna, Marsa Alam and Cairo.<br /><br />It is hoped the documentaries will be shown on popular TV channels, such as the Discovery Channel, National Geographic and CNN, according to Sawy.<br /><br /><em>Edited translation from Al-Masry Al-Youm</em></p> Wed, 28 Sep 2016 11:43:00 +0000 Al-Masry Al-Youm 2473046 at http://www.egyptindependent.com sites/default/files/photo/2015/12/01/94/tourists_in_an_egyptian_resort.jpg Oil prices slip as hopes for a deal in Algiers fade http://www.egyptindependent.com//node/2473011 <img src="http://www.egyptindependent.com///sites/default/files/imagecache/media_thumbnail/photo/2016/03/14/505021/petrol_fill_up_cairo.jpg" alt="" title="" class="imagecache imagecache-media_thumbnail" width="152" height="114" /><p>Crude futures fell further on Tuesday as optimism faded for an output-limiting deal during an oil producer meeting in Algeria that so far has failed to yield any agreement to curb one of the worst supply gluts in history.<br /><br />Saudi Arabia on Tuesday dashed hopes that OPEC oil producers could clinch a deal in Algeria this week as sources within the exporter group said the differences between the kingdom and rival Iran remained too wide.<br /><br />Brent crude futures slipped 80 cents to $46.55 a barrel by 0851 GMT, having closed up $1.46, or 3.2 percent, in the previous session.<br /><br />U.S. West Texas Intermediate (WTI) crude fell 68 cents to $45.25 a barrel, after rising $1.45, or 3.3 percent, in the previous session.<br /><br />&quot;It&#39;s all about what&#39;s going on in Algiers really ... the prospect or no prospect of a supply deal,&quot; said Olivier Jakob, oil analyst at Petromatrix. &quot;There is no new fundamental development that is more important than Algiers.&quot;<br /><br />Sources told Reuters last week that Saudi Arabia had offered to reduce its output if Iran agreed to freeze production, but Iran downplayed the chances of a deal, saying the meetings in Algiers on the sidelines of the International Energy Forum this week were only advisory.<br /><br />Russia&#39;s oil minister on Tuesday also said that the country would want to freeze oil output at current levels; Russia&#39;s oil output recently touched an all-time high of 11.75 million barrels per day (bpd).<br /><br />A U.S. dollar, which makes commodities like crude oil more expensive for holders of other currencies, also hampered oil prices that had strengthened in the previous session.<br /><br />Traders were also looking ahead to data on U.S. oil stocks due later on Tuesday from the American Petroleum Institute (API).<br /><br />U.S. commercial crude oil stocks likely rose by an average of 2.8 million barrels to 507.4 million barrels in the week to Sept. 23, reversing three weeks of unexpected drawdowns, a Reuters poll of seven analysts showed.<br /><br />Still, with so many factors lining up against the chances of a deal in Algiers, analysts said that any unexpected news could quickly reverse the direction of oil prices.<br /><br />&quot;With the market still unconvinced an agreement will be reached, any signs that OPEC will cap output could see prices surge higher,&quot; ANZ said in a market report on Tuesday.</p> Tue, 27 Sep 2016 10:37:00 +0000 Reuters 2473011 at http://www.egyptindependent.com sites/default/files/photo/2016/03/14/505021/petrol_fill_up_cairo.jpg