Thomson Reuters Celebrates 150 Years in MENA

Press release
Published December 6th, 2017 - 07:06 GMT
2017 marks 150 years since Paul Reuter, founder of the Reuters agency, opened the first international branch of Reuters in Alexandria, Egypt.
2017 marks 150 years since Paul Reuter, founder of the Reuters agency, opened the first international branch of Reuters in Alexandria, Egypt.

Thomson Reuters, the world's leading source of intelligent information for businesses and professionals, celebrated 150 years in the Middle East and North Africa (MENA) at an event held in the shadows of the Great Pyramids of Giza.

The event was attended by numerous dignitaries, including Mrs. Heba Al Sairafi representing the Executive Chairman of The Egyptian Exchange, members of the Egyptian Parliament, and official from the Ministry of Economy and the Egyptian Central Bank.

The celebration marked 150 years since Paul Julius Reuter, founder of the Reuters agency, opened the first international branch of Reuters in Alexandria, Egypt. The telegraph, which was the disruptive technology of its time, enabled the Reuters agency to report the latest financial and information and news, transforming markets, economies and the political landscape. Today, Thomson Reuters supports growth in the Middle East and North Africa with professional tools, insight and intelligence across the financial services, Islamic finance, risk, tax and accounting and legal industries.

“For 150 years we have been a trusted voice in the Middle East, providing unbiased news to the world,” said Nadim Najjar, Managing Director, Thomson Reuters Middle East and North Africa. “Today we continue to do so, while also partnering with customers to share information and insight with them, helping to grow industry and commerce through our solutions and actionable intelligence.”

“We are proud and honoured to have been a part of the history of this region for 150 years, and we look forward to being a part of its continued transformation into the future,” he added.   

Mrs. Heba Al Sairafi spoke about the importance of partnering with data providers to spread best practice and promote transparency. She pointed out that Thomson Reuters have had a significant and historic role in Egypt by providing reliable and trusted data that helped the Exchange enhance transparency levels. 

Mrs. Al Sairafi concluded: “When technology married up with finance, FinTech arisen to provide on the go services. The term FinTech is very common nowadays though it is a very wide sector with a long history. In fact the past 65 years paint a picture of continued innovation and evolution. FinTech developments have always played a very important role in stock markets during these past decades, where more sophisticated data analysis, treasury management and trade processing were created making up a multibillion industry aimed at supporting the needs of the financial services sector.”

Background Information

Thomson Reuters

Thomson Reuters is one of the world’s most trusted provider of answers, helping professionals make confident decisions and run better businesses. Our customers operate in complex arenas that move society forward — law, tax, compliance, government, and media – and face increasing complexity as regulation and technology disrupts every industry.

Check out our PR service


Signal PressWire is the world’s largest independent Middle East PR distribution service.

Subscribe

Sign up to our newsletter for exclusive updates and enhanced content