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IMF fourth review confirms economic programme on right track: Pharos

Pharos Holding For Financial Investments issued a report commenting on the International Monetary Fund’s (IMF) fourth review of Egypt’s economic reform programme, stating that the programme is broadly on right track. All of the June and December 2018 performance criteria and indicative targets were fully met, with the exception of June’s target on public debt. …

Nihal Samir

Russia, Egypt sign agreement on uranium supply to 2nd research reactor in Inshas

Russian state nuclear corporation Rosatom’s subsidiary TVEL has signed with the Egyptian Atomic Energy Authority (EAEA) a contract to supply the ETRR-2 research reactor in Egypt with uranium components for low-enriched nuclear fuel produced by the Novosibirsk Chemical Concentrates Plant. The ETRR-2 is used at the National Center for Atomic Research in Inshas city in …

Mohamed Farag

ZYFRA Group tests AI solution to boost oil well production, eyes Egyptian market

ZYFRA Group, Finnish-Russian AI and IIoT solutions developer for industries has successfully tested an Electrical Submersible Pump (ESP) software unit, designed to enhance the efficiency of oil extraction by boosting oil well production rates by 1.5% without any additional capital investment. The ESP software unit is now operational for more than three months in 500 …

Mohamed Farag

Jean-Luc Godard honoured with FIAF award

The International Federation of Film Archives (FIAF), the largest and most important global network of cinematheques and film archives around the world, presented on 11 April its 2019 FIAF award to the legendary French-Swiss filmmaker Jean-Luc Godard during a special ceremony in Lausanne, Switzerland. The honouring ceremony took place at the Casino de Montbenon, home …

Daily News Egypt

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