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FINANCIAL NEWS
Egypt’s EGID inks deal with i-Score information center
16 Mar 2017
(MENAFN) Egypt for Information Dissemination (EGID) inked an agreement with i-Score to host the latter’s information center, starting in the third quarter of the year.
Accordingly, the firm plans to build a local financial information center to boost the linkage of the Egyptian market to the nearby markets.
Additionally, the company aims to boost its storage capacity from 60 racks to 240 racks with investments of EGP100mn, while racks are used for adding servers and storage devices.
The investments in the first phase amounted to EGP25mn, where the capacity was increased from 12 racks to 48 and then 60 racks.
MENAFN1603201700450000ID1095317834
MENAFN1603201700450000ID1095317834
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