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22 May 2016

Egypt jet emitted smoke before it went missing

CAIRO: The EgyptAir jet which crashed in the Mediterranean on Thursday sent a series of warnings indicating that smoke had been detected on board, shortly before it disappeared off radar screens, French investigators said on Saturday.

A spokesman for France’s BEA air accident investigation agency said the signals did not indicate what caused the...

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22 May 2016

UN Security Council visit Cairo to discuss Somalia

New York, May 21 (Petra) -- Members of the United Nations Security Council Saturday will visit Cairo and meet with the Arab League Secretary- General to discuss latest developments in Somalia.

On Friday"...

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22 May 2016

Egypt’s property developer Wadi Degla starts Neopolis construction works

Egypt’s property developer, Wadi Degla Holding has started the construction works in its project “Neopolis” which is located at Mostakbal city with investments worth 14 billion Egyptian pounds (US$1.5 million), its chairman Maged Helmy said Saturday.

The company has obtained"...

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22 May 2016

Why enterprises in Egypt need an “Open Hybrid Cloud”

Before getting into the details of why enterprises in Egypt need an open hybrid cloud, let’s take a look at the building blocks. An open hybrid cloud consists of five core pillars: the first pillar is the capability to empower IT organisations with the right tools to address the demand"...

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22 May 2016

Barclays Egypt awaits sale of local unit to implement strategic plans

Barclays Egypt is awaiting the sale of its local unit to resume implementation of the expansion strategies in the Egyptian market, said Sherif Al-Behery, the bank’s director of Business Banking.

The bank achieved a net profit of EGP 511m over the past five years. It was EGP 5m in October"...

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22 May 2016

Ceramics division demands intervention from PM to save ceramics industry

The ceramics division in the Federation of Egyptian Industries (FEI) and the Ministry of Industry have demanded an intervention from the prime minister in order to decrease the prices of the gas provided to factories to $3 per 1m thermal units, similar to global prices and competitive markets in the ceramics industry.

The"...

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22 May 2016

On the brink: climate change looms over Egypt

Half a million citizens are currently fleeing their homes in Sri Lanka after the heaviest rains in 25 years fell over the capital of Colombo earlier this week. More than 60 people have already died, while there still remains a possibility that the death toll will continue to climb.

This incident"...

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22 May 2016

270 ships transit Suez Canal in past 6 days, carrying 15.9m tonnes

Suez Canal traffic data revealed that 270 ships transited the canal, with a total load of 15.9m tonnes, from 14 to 19 May.

An average of 45 ships transited the canal per day during that period, with an average load"...

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22 May 2016

NBE bank of the year, EGB is the fastest growing, Bank of Alexandria the most efficient: Business News

The National Bank of Egypt (NBE) has obtained the title of “bank of the year” for its performance in 2015 and the trust it gained in the customer satisfaction index, according to the sixth annual copy of the Business News index, issued on Saturday, to measure the performance of the banking sector in Egypt.

To"...

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22 May 2016

Mohamed calls Egyptian President

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, called the Egyptian President, Abdel Fattah El Sisi, to express his sincere condolences for the victims of the EgyptAir passenger plane crash in the Mediterranean"...

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