First Independent Mena Newspaper
The powerful tourism industry in Egypt is nearing its doom if the imposed travel advice on European citizens by their governments is not removed. In the past few months, Egypt has been marred by violent protests when it was about to revive its lucrative and important tourism industry. Egyptian officials are claiming that the country […]
The Governor of the Egyptian Central Bank, Hesham Ramez, confirmed that Qatar has agreed on the conversion of its $2 billion that it has deposited in the Central Bank during the era of President Morsi into bonds. The transactions are expected to take less than a week according to media reports. The Qatari government had […]
Cairo could soon be occupying its seat at the African Union (AU) in October according to a member of the high level panel on Egypt. The panel is headed by former Malian President, Alpha Oumar Konare, and it visited Egypt in order to have a firsthand knowledge of the political crisis in Egypt and the […]
Saudi Arabia has reiterated its support for the military backed in government in Cairo and has promised to continue supporting it at all cost. Al-Sisi applauded the unconditional support of Saudi Arabia and its diplomatic efforts to gather support for the government. The Cairo government could be faced with financial difficulties because donors have threatened […]
The Egyptian military has begun operations to set up a 500meter wide and 10kilometre long buffer zone on its border with Gaza. Bulldozers have knocked down some of the houses in the area but residents are complaining that they have neither received eviction notices nor compensations. According to sources, the operation is aimed at reducing […]
Violence in Egypt can reach new heights as pro-Morsi supporters prepare to hold “Friday of martyrs” demonstrations. The march will be in honor of the hundreds of people who have lost their lives in the standoff against the military. The leaders of the previous demonstrations are from the Muslim Brotherhood. Most of them have been […]
After weeks of procrastination, hesitation and standoff between the Egyptian interim government and supporters of the Islamist president Mohammed Morsi, ousted by Gen. El Sissi, the security forces moved in to break up sit-ins and protest camps set up in Cairo by Muslim Brotherhood supporters demanding Morsi return to power. But the hardline move by […]
Egypt’s Minister of Finance, Dr. Ahmed Galal, has declared that the government will increase its spending or at least maintain it without increasing taxes or imposing new ones. He claimed the government has “multiple resources” to support its budget. Morsi’s government tried to reduce public spending as requirements for a loan from the International Monetary […]
Shortly after EU’s Catherine Ashton announced that she had an open and frank discussion with Mursi, the White House is planning to send John McCain and Lindsey Graham to meet Egyptian officials as early as next week. Both of them are republican senators for Arizona and South Carolina respectively. They have also met members of […]
Egypt could be taken an unprecedented turn on Friday if the calls of General Al-Sisi for a nationwide demonstration aimed at giving “(Al-Sisi) a mandate and an order to confront possible violence and terrorism” is heeded. He claimed that it will lead to the reduction of bloodshed and promote national reconciliation. The Muslim Brotherhood slammed […]