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26 May 2018

Egypt's ready-made garment exports hit $511 mln in 2018 Q1

The Ready-Made Garments Export Council announced on Friday that the exports of the sector has increased by 14 percent during the Q1 of 2018 to reach $511 million, compared with $447 million during the same period in 2017.

The exports of the sector to the U.S. made an increase"...

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26 May 2018

Egypt Poised To Become Net Natural Gas Exporter Again

The latest report on Egypt from the U.S. Energy Information Administration (EIA) notes that although the country became a net importer of natural gas in 2015, substantial natural gas discoveries"...

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26 May 2018

Northern Syria delegation visits Egypt, discusses Afrin situation

A high-level delegation from northern Syria visited the republic of Egypt on Thursday and met with key figures in the Egyptian foreign ministry. Egypt was one of the few Arab countries that condemned the Turkish invasion"...

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26 May 2018

Egypt's FM Shoukry to attend African Union institutional reform meetings in Addis Ababa

Egypt’s Foreign Minister Sameh Shoukry is set to travel late Friday to Addis Ababa, Ethiopia to participate in African Union (AU) institutional reform meetings on Saturday, an official statement from the foreign ministry said.

Egypt is keen on the speedy implementation"...

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26 May 2018

Intriguing Gold Coin and Other Treasures Uncovered in Egypt

Archaeologists in Egypt have unearthed the remains of a huge, red, brick building — likely the remnants of a Roman bath — as well as a mountain of treasures, including a statue of a ram and a gold coin featuring King Ptolemy III, according to the Egyptian Ministry of Antiquities.

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26 May 2018

Egypt’s education system set for major overhaul

Egypt’s Education Minister Tarek Shawki announced in April the implementation of new reforms to improve education in Egypt. The reforms, which are in part funded by the World Bank with a $500 million loan for five years, will cost a total of $2 billion and are expected to replace the existing education system with a new one to better equip Egyptian youth for the current job market. Starting in September this year, the reforms will be implemented for kindergarten and primary school students, and for secondary students the following......

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26 May 2018

Egypt to float state shares to boost stock market

Egypt will float shares in state-owned companies as of June 1 in an effort to boost public assets and attract more local and foreign investors to stimulate the Egyptian stock market. According to a report released by the Finance Ministry on May 15, the first round of the initial public offering (IPO), to run through early next year, will include shares in four to six state-owned companies in the petroleum, manufacturing and petrochemical sectors. The shares have an estimated value of 15-18 billion EGP ($852 million-$1.02 billion), according to the report. On May 16, Prime Minister Sherif Ismail issued a decree to form a ministerial committee......

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26 May 2018

Egypt, Ethiopia fail to reach breakthrough in dam negotiations

In an effort to break the stalemate between Egypt, Ethiopia and Sudan over the Grand Ethiopian Renaissance Dam, the round of negotiations held between the three countries' foreign ministers, irrigation and water ministers, and heads of intelligence ended May 15 in Addis Ababa with the signing of a document containing five clauses. The aim of the document is to create a new road map that would avoid procrastination and have the three countries renew their pledge to cooperate in accordance with the Declaration of Principles signed in......

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25 May 2018

Workiva Signs OEM Agreement with SAP to Offer SAP® Cloud Platform Integration with the Workiva Wdesk Platform

(AETOS Wire)-- Workiva (NYSE:WK), a leader in cloud-based data collaboration, reporting and compliance solutions, today announced it has signed an original equipment manufacturer (OEM) agreement with SAP (NYSE:SAP). Through this agreement, Workiva is partnering with SAP to provide a first-party integration with the Wdesk platform using the SAP® Cloud Platform Integration service. The bundled solutions are expected to provide customers with powerful linking, auditability and control features. “Today’s announcement demonstrates that Workiva and SAP are committed to providing customers with a rich integration experience,”......

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25 May 2018

Poseidon Foundation Launches First Retail Platform That Allows Consumers to Support Climate Action Using Blockchain Technology

(AETOS Wire)-- The world’s first retail platform that connects consumers to their own carbon footprint has been launched in London by non-profit ogranisation the Poseidon Foundation (“Poseidon”). Poseidon’s platform"...

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