FINANCE & ECONOMY

19 Feb 2018

Belarus-Egypt MAZ plant opened in Cairo

The Belarusian-Egyptian MAZ production plant has been opened in Cairo, BelTA learned from the website of the Minsk Automobile Plant (MAZ). MAZ partnered with Helwan Machinery and Equipment of the National Organization for Military Production of Egypt and International Co. for Industry"...

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19 Feb 2018

Morrow Sodali Announces Appointment of David Shammai as Corporate Governance Director - Cross Border

(AETOS Wire) -- Morrow Sodali today announced that David Shammai has joined the firm as Corporate Governance Director - Cross Border. David joins from APG Asset Management, the Dutch pension fund manager, where in his role as senior corporate governance specialist he was involved in voting, policy, and engagement. Based in the London office, David will focus on the firm’s growing corporate governance activities across its European offices. Together with Morrow Sodali’s expanding team of corporate governance professionals, David......

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18 Feb 2018

Egypt’s outdated state media in need of reform

Known to belong to a traditional society, Egyptians have for decades been well framed and politically mobilized by state media. Since its emergence, however, social media has constituted a clear challenge to routine state media practices. Although both channels work on the mission of mobilizing"...

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18 Feb 2018

Egypt's Shoukry, Russia's Lavrov discuss bilateral ties and regional issues in Munich

Egypt's foreign minister Sameh Shoukry and his Russian counterpart Sergey Lavrov discussed bilateral ties and cooperation between the two countries on the sidelines of the Munich Security Conference on Friday, according to a statement by Egypt's foreign ministry spokesman Ahmed"...

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18 Feb 2018

NBE stop issuing savings certificates with 20% annual return

The National Bank of Egypt (NBE) announced that it stopped issuing its 18-month platinum savings certificate with 20% annual return rate, while the current certificate holders will continue to receive the same interest rates until the end of their certificates’ maturity.

The"...

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18 Feb 2018

Russian flights resumption to Cairo postponed till late February

Cairo Airport officials received a memo on Friday from Aeroflot, the Russian national carrier, notifying them that the planned resumption of Russian flights to Egypt will be postponed for another week, citing technical reasons, state news agency Al-Ahram said on Friday.

"...

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18 Feb 2018

Antiquities Minister inaugurates open-air museum in Cairo’s Matareya

Egypt Antiquities Minister Khalid al-Anani on Saturday inaugurated the open-air museum at the al-Masalla area of the Matareya neighborhood northeast of Cairo after the completion of the project to develop and equip the site and prepare it for becoming a museum, including the obelisk King"...

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18 Feb 2018

FM: Egypt seeking increased German support in border control

Egypt is seeking increased German support in the field of border control, said Foreign Minister Sameh Shoukry in a meeting with German Defense Minister Ursula von der Leyen, according to Foreign Ministry spokesman Ahmed Abu Zeid in a statement on Saturday.

According to a statement,"...

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18 Feb 2018

Trade exchange between Egypt, Russia registers $6.7B in 2017

17 February 2018: The volume of trade exchange between Egypt and Russia hiked 62 percent year-on-year in 2017, registering $6.7 billion, Russian trade representative in Cairo Nikolai Aslanov said Saturday.

In statements to MENA, Aslanov indicated that Russia’s exports"...

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18 Feb 2018

EETC receives bids for Kom Ombo solar tender next month

The Egyptian Electricity Transmission Company (EETC) is set to receive bids for the construction of a 200mW solar power plant in Kom Ombo next month.

Sources in the Ministry of Electricity told Daily News Egypt"...

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