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24 May 2016

Egypt's Gas Production Could Reach 6 Billion Cubic Feet By Year-end 2019

Egypt will increase its natural gas production to between 5.5 billion cubic feet per day (Bcf/d) and 6 Bcf/d by the end of 2019, up from the current production of 3.9 Bcf/d, Oil Minister Tarek El Molla said on May 22.


Once"......

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24 May 2016

Egypt prosecution summons ex-top auditor for questioning over corruption report

Egypt's State Security prosecution summoned the country's former top auditor Hisham Geneina for questioning on Tuesday over his report claiming that theft by public officials has cost the treasury LE600 billion since 2012.

In January, the country's top prosecutor issued a gag order"...

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24 May 2016

35% of Egypt’s railways revenue lost to ticket evaders: ENR

A total of 35 percent of Egyptian National Railways (ENR) revenue is lost to ticket evaders, deputy head of ENR Assayed Salem told Youm7 Sunday.


ENR has set a plan to enhance the supervision of conductors. The plan will include receiving the fare from conductors after every shift, comparing it with takings from"......

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24 May 2016

Egypt approves customs agreement with Russia

The Egyptian Plan and Budget Committee has approved a customs agreement with Moscow.


Egypt’s Customs Authority Commissioner, Magdi Abdul Aziz, said that Russia was still imposing taxes on Egyptian exports in a manner which is rejected by the World Trade Organisation.


"......

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24 May 2016

Egypt asked France for recordings of pilot's conversations with air traffic control - paper

Egypt asked France to provide it with voice recordings of all conversations between the crashed EgyptAir plane’s pilot and air traffic control, a state-run newspaper reported on Monday.


Egypt’s"...

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24 May 2016

Egypt’s SFD allocates French Development Agency’s €13mn grant to upgrade slums

Egypt’s Social Fund for Development (SFD) has recently received the French Development Agency’s (AFD) €13 million (US$14.6 million) grant, the Egyptian fund’s official announced Monday.


"...

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24 May 2016

World Bank: Egypt’s middle class shrank to 9.8% in the lead-up to Arab Spring

In the first decade of the 21st Century, the middle class expanded across the Middle East, except in Egypt and Yemen, a recent World Bank study found.


In Egypt, the middle class shrank from 14.3 percent in the mid-2000s to 9.8 percent by the end of the decade. Only in Yemen was the decline sharper, falling from"......

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23 May 2016

Gianni Versace S.p.A. Names Jonathan Akeroyd CEO

Gianni Versace S.p.A. announced today that Jonathan Akeroyd has been appointed Chief Executive Officer.


Mr. Akeroyd served as CEO of Alexander McQueen from 2004 until May 2016.


“We"......

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23 May 2016

CMMI® Institute Publishes Top Three Trends from 2016 Capability Counts Conference

Hundreds of global business leaders dedicated to capability and process improvement gathered in Annapolis, Md., May 10-11, for the annual Capability Counts Conference. The CMMI® Institute, a global leader in the advancement of best practices in people, process, and technology, hosted"...

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