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Defense Industry: Baykar Starts Recruiting for its Drone Factory in Morocco

Atlas Defense, a subsidiary of Turkish Baykar, a global leader in military drones, has begun recruiting Moroccan specialists and engineers for for its Moroccan plant expected to produce military drones for the Royal Armed Forces and for African market. The company is currently seeking Moroccan specialists in electronics, mechanics, aircraft paint & structure as well […]

Controversy Surrounds IMF-EGYPT $12 billion Loan Deal

The International Monetary Fund (IMF) recently reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest, a move that was denounced by some activists who see the loan terms will further cripple the Egyptian economy. A letter by a number of political groups and figures was […]

India mulls $700m investment in Egypt in coming years

New Delhi’s ambassador in Cairo Ajit Gupte announced plans by the Asian country to invest $700 million in the coming few years, Arab News reports. Gupte made the announcement during a meeting with Egyptian and Indian businessmen. Indian investments in Egypt currently stand at $3.15 billion, the diplomat also noted. The announcement came as a […]