First Independent Mena Newspaper
The Egyptian government has made another U-turn after a lot of pressure from investors. The government decided to unveil a 10% tax on stock dividends and investment gains from takeovers in December 2012, but the decision wasn’t welcomed by investors. The government says it is part of the austerity measures that should be implemented to […]
At the ongoing conference under the theme “Saving the Egyptian economy, towards an alternative program,” the Al-Tayar Al-Sha’aby party has claimed that they have an alternative economic model to remedy the country’s situation. Hussein Abdel Ghani, a member of the party, criticized “the current state of the country” and blamed the government for “no suitable […]
President Morsi is on a two-day visit to Sudan with the prospect of promoting bilateral relations and cooperation. He is accompanied with a high powered business delegation. Sudanese came out in the hundreds to give him a warm welcome. Speaking upon his arrival, Morsi said that the “internal and external challenges” that both countries have […]
Alex Bank-Intesa San Paolo witnessed the March Entrepreneurs Festival and was impressed with the potentials showcased by the participants and their proposed projects. The festival which was held at the KEY Career Development Centre office was hosted by the Egyptian Junior Business Association (EJB) in cooperation with community service and environmental development organizations from several […]
Many foreign political analysts seem increasingly are concerned over the geostrategic implications of the rapid rapprochement between Egypt and Iran, two former foes that are apparently becoming new friends in the Arab Spring era! They are currently busing working to enhance their relationship and warm up their once frosty ties. Few days ago, the two […]
Egypt has received warnings that the European Union (EU) would stop its aid package of €5 billion if its reforms for democracy fail to be effective. In the European Union’s latest report, the European Commission was unsatisfied with the progress Egypt has registered since the elected government took over. EU has already cut some of […]
At the end of his two-day visit to India, the Egyptian president has expressed his expectations of joining the group of fast growing economies known as the BRICS; an acronym for Brazil, Russia, India, China and recent member South Africa. President Morsy was speaking at a business forum when he said “Egypt is hoping to […]
President Morsi’s state visit to India has been marked by the signing of multiple pacts in different domains to take their bilateral relation and cooperation to “another level”. Prime Minister Manmohan Singh said talks were “extensive and very productive” pointing out that they both have enormous potential for deepening cooperation across the full spectrum of […]
Good news is coming out of Egypt’s Sukari gold mine. Centamin has announced that it is expecting more than a 20% increase in its production this year. The company which is focused on mineral exploration, development and mining has been achieving positive results for the past couple of years. Some of the company’s expansion projects […]
The Egyptian government has set aside several development and investment projects despite the ongoing crisis as revealed by the ministers of the civil aviation and investment respectively. The Civil Aviation Minister, Samir Embaby Mewaly, has announced that the government will be pumping $20 million in a project aimed at developing the vicinity of the capital’s […]