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Posted inSpeed Round

Helmy becomes Senior Advisor to Orange OMEA, Mettling to take over Egypt chairmanship temporarily

MOVES- Orange Middle East and Africa (OMEA) announced the appointment of Atef Helmy, Orange Egypt’s chairman and a former CIT Minister, as a senior advisor to OMEA. Helmy’s post as chairman of Orange Egypt will be occupied temporarily by Bruno Mettling, chairman and CEO of OMEA, until a chairman is appointed in the coming months. […]

Posted inSpeed Round

Spain arrests Egyptian man for alleged affiliation with terror organization

Spanish police arrested yesterday a 43-year-old Egyptian man allegedly belonging to an international terror organization with the help of information from German and Egyptian authorities, the Associated Press reports. The man, whose name was not disclosed, was previously detained during a raid on a terrorist cell by German authorities in 2002. Spain will begin procedures […]

Posted inUncategorized

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Posted inEGYPT HOLIDAY PHOTO OF THE DAY

Luxor’s Karnak Temple

Today’s Egypt Holiday Photo of the Day is of The Karnak Temple in Luxor. About 30 pharaohs contributed to the buildings at Karnak Temple in Luxor, enabling it to reach a size, complexity and diversity not seen elsewhere. The image was shot for CIB’s 2016 Annual Report (microsite and print edition) by Zeina Abaza at […]

Posted inTHE MACRO PICTURE

Emerging market capital flows turn positive

Emerging markets are thriving, but “peak China” remains a risk: “Capital flows to emerging markets have turned positive for the first time since the second quarter of 2014, the Financial Times reports, saying “emerging markets attracted a net USD 28.6 bn of capital in the first quarter of 2017, a sharp improvement on the USD […]

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