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Egypt: Cockpit Voice Recorder of Egyptair Flight Ready for Information Extraction


Egyptian investigators said on Saturday that board components of cockpit voice recorder (CVR), one of the black boxes of doomed EgyptAir flight, were replaced to enable the reading of recorders of the CVR memory units. Egypt sent the flight’s black boxes, the CVR, and the flight data recorder (FDR), to France to be repaired after they were found damaged in ...

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Algeria: Building Materials – Import Bill Declines, Quantities Widen


The import bill of building materials reached USD 965.32 million in the first five months of 2016 against USD 1.12 billion during the same period, i.e. a decrease by 14.24%, Customs told APS. Imported quantities (cement, iron, steel, wood and ceramic products) widened to 4.9 million tons against 4.61 million, i.e. an increase by 6.24%, the Customs’ National Center of ...

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Egypt’s Exports Increase By 7 PCT in May Amid Dollar Shortage


Egypt’s exports increased by 7 per cent in May compared to the same month last year, the Egyptian trade minister said on Tuesday, as the country’s cash-strapped economy continues to face a foreign currency shortage. Exports, a source of foreign currency, stood at $1.9 billion in May compared to $1.7 billion in the same month last year, Minister of Trade ...

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Algeria: Lower House Adopts Bill On Investment


The People’s National Assembly (Lower House of Parliament) adopted Monday by majority the bill on the promotion of investment in a plenary session chaired by Mohamed Larbi Ould Khelifa, Speaker of the Assembly, in the presence of Minister of Industry and Mining Abdessalem Bouchouareb. Among the 274 voices, the Party of Workers voted against the bill while the representatives of ...

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Algeria’s Trade Deficit Hits U.S.$9.8 Billion in First Five Months


Algeria’s trade balance has recorded a deficit of US$9.8 billion in the first five months of 2016, against US$7.23 billion during the same period in 2015, up by 35.5%, said the Algerian Customs’ National Centre of Data Processing and Statistics (CNIS). Exports have sharply dropped to US$9.82 billion between January and May 2016, against US$15.39 billion over the same period ...

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Morocco: Cameroon-Morocco – Ever-Growing Bilateral Relations


Major highlights are in education, training, trade and the effective contribution of Moroccan private enterprises in boosting Cameroon’s socio-economic sector. For over 50 years now, relations and cooperation ties between Cameroon and the Kingdom of Morocco have been growing from strength to strength with the Moroccan government offering training scholarships to Cameroonian students. Ambassador Lahcen Sailé of Morocco to Cameroon ...

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Egypt: Govt Agrees to 7 Percent Increase in Pay Raise – Minister


The Egyptian government is keen on increasing the annual pay raise from 5 to 7 percent, said Planning Minister Ashraf el Araby. The government respects a decision by the manpower committee of parliament to increase the annual increment, Araby said, agreeing to the fact that wages are low in Egypt. But the financial and economic situation should also be taken ...

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Egypt: U.S Investments in Egypt Fell By 85.9 Pct. in 2015 – Capmas


U.S. investments in Egypt have retreated during the past year by 85.9 per cent compared to investments made in 2014, the state’s official statistics agency said on Wednesday. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement that Egypt’s imports from the U.S. fell by 11.3 per cent in 2015, to reach EGP 33.5 billion compared ...

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Algeria:State Taken Measures to Meet Country’s Wheat Production Needs


“The State has taken all the necessary measures to meet the needs of the country in terms of wheat in case of decline in the national production, said Saturday Minister of Agriculture, Rural Development and Fishing Abdeslam Chelghoum during his working visit to the province of Bouira (122 km east of Algiers). “In case of decline in the national wheat ...

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Egypt: U.S.$25,000 to Be Handed to Families of Egyptair Plane Victims

egypt air

The chairman of EgyptAir, Safwat Muslim, said on Monday that the company has agreed to allocate a compensation of $25,000 to the families of the victims of the plane that fell into the Mediterranean last May. Muslim said in a press statement that the Council of Ministers will be issuing death certificates for the victims of the drowned plane over ...

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