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House of Representatives has resumed discussions on the automotive directive
The House of Representatives' Industry Committee has resumed discussions on the automotive directive after announcing earlier this month it decided…
SPEED ROUND
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SPEED ROUND
… For the record, EMRA has withdrawn exploration licenses from companies awarded concession areas in the Eastern Desert from 2007 to 2009 last June and was looking to reissue tenders for as many as 120 “abandoned” gold mines. The licenses were withdrawn from the “smaller companies” as they were unable to meet production targets due to financial and operational challenges. Taima then said EMRA’s move left only four active mining companies in Egypt. One of them is Matz Holding, which at the time, had already ceased operations on one of its two concession areas altogether and was forced by EMRA either to give up the rights to the other or find a new development partner for it. The other three active operators Taima mentioned at the time were: Centamin, Thani Stratex, and Aton Resources (then Alexander Nubia) — who all indicated they do not agree with the terms of EMRA’s bid round.
Dalia Khorshid is not happy with World Economic Forum (WEF)’s Inclusive Growth and Development Index (IDI): WEF’s IDI placed Egypt…
More concerns about EMRA’s insistence on production sharing agreement
The terms of EMRA’s gold exploration tender causing more concerns: Following remarks from Mark Campbell, CEO of Aton Resources, and…
Flights between Moscow and Cairo not likely to resume before March -sources
And speaking of Russian tourists, flights between Moscow and Cairo are not likely to resume before March, sources close to…
Egypt looking into a currency swap agreement with Russia -source
Is there a currency swap agreement with Russia coming? The government is considering entering into a currency swap agreement with…
Five soldiers gunned down by militants in Central Sinai
At least five army soldiers were shot and killed by unknown militants in Central Sinai’s Al Hosna area, AMAY reports.…
Abu Dhabi merges two funds, creates the world’s 14th largest
Abu Dhabi creates a USD 125 bn fund: The government of Abu Dhabi merged Mubadala Development Co and International Petroleum…
Russia opens consulate in Hurghada, its third in Egypt
“Soon” could mean a month on restoring Russian tourism: Restoring flights of Russian tourists to Egypt should take another month,…
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