First Independent Mena Newspaper
Russia could be on the verge of signing an agreement with Egypt as reports claim that a delegation of advisers is in Cairo to meet with officials. Egypt is expected to buy 24 advanced MiG-35 fighter jets as part of its switch towards using Russian military hardware. Negotiations have reached advanced stages. The MiG-35 jets […]
After Abdelaziz Bouteflika claimed a “crushing victory” in his bid to win a fourth term as Algeria’s leader and his main rival, Ali Benflis, has accused him of a “massive fraud”, Egypt seems to be headed to a similar scenario: While Egypt’s interim government has characterized the upcoming election as an important step towards democracy, […]
Before the end of the year, telecommunication operators in Egypt will begin to dedicate 6% of fixed-line operator Telecom Egypt’s (TE) revenues from mobile services to the National Telecommunications Regulatory Authority (NTRA). The services are expected to be launched before the end of the year. The decision was revealed by Hisham El-Alayleyi, head of the […]
In an effort to formally tender his bid for next month’s presidential election, Egypt’s former military chief, Abdel Fattah El Sissi, on Monday submitted eight times the number of signatures required of any aspirant running in the May 26-27 vote. Mr El Sissi, a 59–year-old career soldier who successfully ousted President Mohammed Morsi last July, […]
There are reports that Egyptian banks have been ordered by the Central Bank to refrain from doing business with some banks in African and Arab countries amongst which are Qatar, Libya, Syria and Sudan. The central bank’s decision is aimed at reducing the scale of money laundering in compliance with the anti-money laundering laws. Several […]
The World Bank and Kuwait have boosted Egypt with funds to help Egypt in its rebuilding efforts. Kuwait attributed a billion dollar grant while the World Bank gave $300million loan for the promotion of small and medium sized enterprises. Unemployment in Egypt has been drastically reduced because people have started to venture into self-employment. The […]
Two bombs exploded Wednesday outside Cairo University, killing at least two people including a top security officer and wounding five other security forces, the Egyptian interior ministry said. There was no immediate claim of responsibility for the attack but the Islamist militants are suspected to be behind the two bombs that were planted among trees […]
Egypt is divided over the candidacy of the retired Marshall Abdel-Fattah El-Sisi after he announced his intentions of becoming the country’s next president. There have been speculations over his candidacy since ousting Mohammed Morsi. Although El-Sisi is expected to win the elections, he could be facing strong opposition during the elections. Liberal parties are not […]
Egypt’s Transport Minister, Ibrahim al-Demeiry, said yesterday (March 25) that the ministry had started three new projects worth LE20 billion aimed at improving the country’s infrastructure and boosting its economic development. One of the projects is the tender for the third phase of the Ataba-Imbaba-Cairo University subway line, which is to be offered today (Wednesday, […]
Interim Egyptian president Adly Mansour has invited other member countries of the Arab League to implement the Arab counter terrorism treaty. The remarks were not directed at country but are believed to be provoked by Qatar’s decision to support the Muslim Brotherhood. Egypt wants a meeting between justice and interior ministers to take place in […]