First Independent Mena Newspaper
Egypt’s 50-member constitutional committee is almost on the verge of finalizing the constitution but continues to be delayed by “some differences” in within, committee Spokesman Mohamed Salmawy stated. 10 members of the committee walked out of sessions after brutal police interventions to disperse protesters under the new law which restricts public protests. Tamarod also released […]
Egypt has decided to send its ambassador back to Tunis after recalling him due to comments made by President Moncef Al Marzouqi. Cairo alleged that Presdient Moncef’s speech at this year’s United Nations General Assembly calling for the release of Mohammed Morsi from custody was interfered with their internal sovereign affairs. The announced return of […]
According to the “gender” survey of the Thomson Reuters Foundation, the position of women has deteriorated throughout the region of North Africa and Middle East since the onset of the Arab Spring. Out of 22 survey countries, three – Egypt, Yemen and Syria – found themselves at the bottom of the ranking despite being involved […]
Despite the threatened stability in Egypt, the International Monetary Fund (IMF) is willing to provide loans if it is deemed necessary by authorities in Cairo. Egypt is going through political, economic and financial crisis as political differencescontinues to be the center stage. IMF’s regional director, Massod Ahmed, said they are “keen to support” the North […]
Chairman Sherif Samy of the Egyptian Financial Supervisory Authority (EFSA) has stated that the financial sector will be revised before the end of the year in order to ease and fasten the transactions. Capital markets in Egypt suffered deeply from the revolution which began in 2011 forcing several foreign portfolio managers to withdraw their money […]
Israel has shown concerns about United States announcement to suspend some of its aid to Egypt unless it is satisfied with its democratic efforts could jeopardize the long standing peace treaty. Israel and Egypt signed a peace treaty in 1979 to end hostilities against each other and the US aid has been fundamental in maintain […]
After President Obama gave warning signals to Egypt during his speech at the UN General Assembly about its “inconsistent with inclusive democracy,” he has decided to take actions. The US has reduced its military aid to the country and linked its continuity to “Egypt’s progress in pursuing a more democratic path.” Cairo has not officially […]
Some Egyptians could be readying General Al-Sisi as the country’s next president after three campaigns supporting the cause kicked off. The General on the other hand has called for “quick political transition” in the interest of stability. Political pundits and figures believe that he stands a great chance to become the head of state despite […]
Property experts have raised alarm on the intense backtracking of foreign companies due to the political crisis that the country is experiencing. Some property prices have fallen to a 4-year low because of the sudden fall in demand. According to experts, international investors are expected to follow suit by focusing more on real estates in […]
Egypt’s interim government could stay longer in power than expected after members of the constitutional committee suggested that the President should retract on 8th July constitutional declaration. The committee is mandated to revise and amend the 2012 constitution but it now wants to draft a new constitution. A “public opinion” campaign will be organized to […]