BRIEF-Russia's Pik Group adopts new dividend policy
* Pik says to pay at least 30 percent of net cash from operating activities in dividends twice per year
CAIRO, March 30 The African Development Bank has disbursed a $500 million loan to Egypt, the bank's representative in Cairo told Reuters on Thursday.
Leila Mokaddem said the disbursal, the second of three expected loan tranches from the bank to Egypt, came into effect on Thursday and the funds would be received early next week.
Egypt has been negotiating billions of dollars in aid from various lenders to help revive its economy, battered by political and economic upheaval since a 2011 uprising. (Reporting by Ehab Farouk; Writing by Dominic Evans; Editing by Lin Noueihed)
* SAID ON THURSDAY THAT IT HAD BOUGHT AN 80 PCT STAKE IN CERAMICA CIELO SPA
MELBOURNE, June 23 Andy Gooch, chief executive of London-based commodity broker GF Financial Markets (GFFM), a unit of China's GF Securities, has stepped down for personal reasons, the broker said.