UPDATE: Saudi Aramco share sale exceeds initial target    Nvidia to roll out next-gen AI chip platform in '26    Sri Lanka offers concessionary loans to struggling SMEs    Egypt temporarily halts expats land allocation in foreign currency    China's banks maintain stable credit quality in Q1 '24    Indian markets set to gain as polls show landslide Modi win    CBE aims to strengthen sustainable borrowing through blended finance mechanisms: Governor    CIB commits $300m to renewable energy, waste management projects in Egypt: Ezz Al-Arab    UN aid arrives in Haiti amid ongoing gang violence, child recruitment concerns    Russian army advances in Kharkiv, as Western nations permit Ukraine to strike targets in Russia    Trump campaign raises $53m in 24 hours following conviction    M&P forms strategic partnership with China Harbour Engineering to enhance Egyptian infrastructure projects    Egypt includes refugees and immigrants in the health care system    Ancient Egyptians may have attempted early cancer treatment surgery    Abdel Ghaffar discuss cooperation in health sector with General Electric Company    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    US Embassy in Cairo brings world-famous Harlem Globetrotters to Egypt    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    US Biogen agrees to acquire HI-Bio for $1.8b    Egypt to build 58 hospitals by '25    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    World Bank assesses Cairo's major waste management project    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Published in Al-Ahram Weekly on 20 - 06 - 2019

Military talks with France
MINISTER of Defence and Military Production Mohamed Zaki and a high-ranking delegation discussed with French officials in Paris a number of issues of mutual interest, along with the latest developments in the Middle East. On Monday, Zaki, who left for Paris on Sunday, attended the one-week-long international Paris Air Show, an international aviation and aerospace-industry exhibition held every two years and one of the oldest and largest air shows in the world. On the sidelines of the event, Zaki held talks with senior military officials from several countries to discuss means of boosting military cooperation.
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Train crash report out
THE PROSECUTION-general has concluded its investigation into the huge fire which broke out in Cairo's Ramses train station in February this year, leaving 25 dead and dozens injured. A statement released by the Railway Authority at the time said a locomotive crashed at high speed into a barrier in Cairo's main station, causing its fuel tank to explode and triggering a huge blaze. An investigation revealed that the accident was attributed mainly to gross negligence of the authority's employees and their failure to abide by instructions, which the prosecution deemed criminal offences. According to a report issued on Monday by the prosecutor-general's office, some drivers were found to have deliberately disabled automatic train control devices which continuously display the allowable speed of cars and automatically stops or decelerates a train if it exceeds the permissible speed. In addition, the investigation revealed that a number of unqualified workers were unfit to handle the relay panels designed to change the train car's route automatically. Maintenance for trains were not regularly conducted and poor spare parts were sometimes used. Manoeuvring operators and driver assistants were not at their assigned places which increased the possibility of accidents, the report said. Moreover, the prosecution's inquiries showed that some drivers had operated their vehicles despite technical defects in certain equipment. Signal tower operators were also found in breach of their duties. The prosecution ended its investigation by issuing several recommendations in order to prevent similar accidents.
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Israeli gas settlement reached
EGYPT has signed an agreement with the Israeli Electric Corporation (IEC) in which Egypt will pay IEC $500 million over eight and a half years in compensation for halting natural gas shipments to the Israeli side in 2012, the Egyptian General Petroleum Corporation and Egyptian Natural Gas said in a statement on Sunday. Gas pipelines in the Sinai Peninsula suffered several terrorist attacks in 2012, leading to a stoppage of gas exports to Israel. Under the agreement, the Israeli company will drop all claims resulting from a 2015 arbitration decree when the International Chamber of Commerce ordered Egypt to pay IEC $1.8 billion in compensation. Egypt appealed the decision and started discussions on reducing the settlement, making it a key condition for accepting a gas export agreement with Israel. Early last year, Israel's Delek Drilling and its partner Noble Energy signed a deal to export $15 billion in natural gas from Israel's Leviathan and Tamar gas fields to Dolphinus Holding, an Egyptian private sector company. Delek's deputy CEO Yossi Gvura said that commercial sales of natural gas to Egypt would begin by the end of this month.
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Massive airliner deal
EGYPTAIR, Egypt's national airline, on Saturday received its third Boeing 787-9 Dreamliner as part of a massive $6 billion deal to acquire 45 new planes from several companies and which are expected to arrive in June and July. The deal includes buying six new Dreamliners, the first two of which arrived this spring. Chairman of EgyptAir Holding Company Ahmed Adel said in a statement that the new plane will be used for flights to Paris starting 18 June. “This will provide EgyptAir with a competitive advantage in operating this line, as this type of aircraft offers a wide range of technology, comfort and luxury,” Adel said. The 787-9 Dreamliner can seat up to 309 passengers, divided into 30 Diamond super-full-flat beds in business class and 279 in economy class, according to the statement.


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