Financial Services Fintech Information Services 

Banks would have to face winds of changes, modernize their technology infrastructure: CIB Chairperson

Sherif Samy is a financial advisor and founding Chairperson of the Egyptian FinTech Association. He is currently serving as Chairperson of the Commercial International Bank – Egypt (CIB), having previously served as Chairperson of Egypt’s Financial Regulatory Authority (FRA). He has also previously served on the Boards of the Central Bank of Egypt (CBE) and Banque Du Caire. Samy sat down with Daily News Egypt to provide greater insight on how the novel coronavirus (COVID-19) pandemic has affected Egypt’s banking sector. He also outlined what the bank’s plans are in…

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Manufacturing 

Egypt: Archaeologists Unearth Ancient Beer Factory in Abydos

CAIRO (AP) — American and Egyptian archaeologists have unearthed what could be the oldest known beer factory at one of the most prominent archaeological sites of ancient Egypt, a top antiquities official said. Mostafa Waziri, secretary general of the Supreme Council of Antiquities, said the factory was found in Abydos, an ancient burial ground located in the desert west of the Nile River, over 450 kilometers (280 miles) south of Cairo. He said the factory apparently dates back to the region of King Narmer, who is widely known for his…

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Aerospace 

BREAKING: No survivors as aircraft crashes near Nigeria’s Abuja airport

Nigeria has been hit with a traffic incident this morning following an aircraft accident. A military aircraft has crashed near the Nnamdi Azikiwe International Abuja Airport this morning leaving all people onboard dead. Minister of Aviation of the Federal Republic of Nigeria Hadi Sirika confirmed the traffic incident in a short statement on Twitter Sunday afternoon. “A military aircraft King Air 350 has just crashed short of our Abuja runway after reporting engine failure enroute Minna. It appears to be fatal. We should remain calm & wait for the outcome…

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Aerospace 

ACF mourns demise of Air Force officers in plane crash

Senate Chief Whip and Former Governor of Abia State, Senator Orji Uzor Kalu has reacted to the military plane crash in Abuja on Sunday. DAILY POST had reported that a military aircraft, King Air 350 crashed on Sunday morning on the runway of the Abuja airport. However, the Air Force Director of Public Relations and Information, Air Vice Marshall Ibikunle Daramola has disclosed that investigations into circumstances surrounding the crash have commenced. Senator Kalu while reacting on Monday, in a statement, condoled with families of the Air force personnel who…

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Utilities 

Saudi Arabia offers to mediate in Ethiopia dam dispute

Saudi Arabia wants to mediate between the parties in a longstanding dispute over the Grand Ethiopian Renaissance dam project and hold talks with their leaders, Sudan’s Council of Ministers said Wednesday. Saudi Minister of State for African Affairs Ahmed Bin Abdul Aziz Kattan has disclosed that King Salman has asked him to meet with Ethiopian Prime Minister Abiy Ahmed and Egyptian President Abdel Fattah Al-Sisi. During his visit to Sudan on Wednesday, the Saudi minister confirmed that the kingdom has offered to mediate to resolve the dispute between Egypt, Ethiopia…

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