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Egypt gets new Air Force commander

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Mohamed Abbas Helmy

Egypt has appointed a new commander of the Egyptian Air Force Mohamed Abbas Helmy on Thursday, according the official website of Egypt’s Defence Ministry.

Helmy, 56, succeeded Younis al-Masry, who has been newly appointed civil aviation minister in the new Cabinet headed by Prime Minister Mostafa Madbouly. Younis has been in command of the Egyptian Air Force since 2012.

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Air Marshal Helmy graduated in April, 1982, from the Egyptian Air Academy.

Helmy received a Bachelor of Aviation and Military Sciences, and earned a Master of Military Sciences from the Egyptian Command and Staff College. He was promoted to Major General in 2012.

He also received several medals including the Medal of Distinguished Service, which is granted to army personnel who stay in military service for 30 years, in addition to the Golden Medal of Military Duty, the 25 April 1982 Medal, the Gold Jubilee Medal of the Revolution of 23 July 1952, the Silver Jubilee Medal of October 1973, the Medal of Long Service, the Medal of Good Example, Medal of Sinai Liberation, the January 25 Medal, June 30 Medal and others.

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Business

Absa became the new competitor on the Ethiopia market.

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Absa Bank Of South Africa’s  has become the Latest Multinational Corporation to show Interest in Organizing the Ethiopia market.

Ethiopia has since Prevented Foreign Ownership in Economic Sectors that Includes Banking but Abiy Ahmed has began to take fast Action on the issue since he came to power in April.



Jason Quinn, the bank’s chief financial officer, told reporters that Absa was investigating on how and where to enter in a number of populating market, including Nigeria and Angola.

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Am Entrance made into the Ethiopia market of 100 million People, would be part of a Scheme made by Absa after it break from Britain’s Barclays in 2017.

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Ethiopia has plans to liberalise state-owned companies including Ethiopian Airlines, Ethio Telecom, Ethiopian Shipping & Logistics Services Enterprise, and Ethiopian Electric Power, in order to attract foreign direct investment and stimulate growth.

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Motherland News

Black box of the Ethiopian Airline Crash recovered.

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The United Nations described the Sunday crash of the Ethiopia airline as disastrous saying it has cost them a great loss.



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Michael Moller, director-general of the U.N. European head garters said this was the worst loss suffered in years in Geneva in a statement where 150 people where gathered.

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Investigators in Ethiopia have recovered the black box from the ill-fated Ethiopian airline this Sunday.

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