First Independent Mena Newspaper
Egypt’s Ministry of Higher Education and Scientific Research is advancing its “Alliance and Development” initiative as part of the National Policy for Sustainable Innovation, which was launched in February 2025. This initiative aims to enhance the country’s scientific research capabilities, accelerate technological innovation, and strengthen the connection between academia and industry to create globally competitive […]
Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]
The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]
Egypt’s tax revenues surged by 38 percent in the first half of the 2024/2025 fiscal year, according to Finance Minister Ahmed Kouchouk. During a panel organized by the Egyptian Association for Direct Investment and Venture Capital, Kouchouk attributed this growth to the Government’s ongoing efforts to broaden the tax base and strengthen cooperation with taxpayers. […]
Egypt is set to establish a new trade entity aimed at strengthening exports across Arab markets, as part of a broader strategy to drive economic growth. The Arab Alliance for Industrial Investment, comprising 41 private Egyptian companies, is expected to be fully operational by next week, according to a report by Ashraq Business released on […]
Amnesty International has called on Egyptian authorities to halt reprisals against prisoners at 10th of Ramadan Prison who have been protesting against their arbitrary detention through a hunger strike. The detainees began their strike in early January 2025, demanding the release of those held in pretrial detention for over six months, the right to outdoor […]
Morocco and Egypt are reviewing their free trade deals after Egyptian authorities-imposed restrictions on Morocco’s car exports. The news was confirmed by spokesman for the government Mustapha Baitas who said relations between the two countries were excellent but their trade agreement was being reviewed by trade officials. News outlets from the two countries mentioned that […]
In a bid to alleviate the burden of rising living costs on citizens, the Egyptian government has announced a substantial EGP 200 billion social support package, which will be implemented during Ramadan and extended into the upcoming fiscal year. Prime Minister Mostafa Madbouly revealed the details of the new initiative on Wednesday February 26, which […]
The Attorney General’s Office revealed on Tuesday February 25 that the Public Prosecutor has successfully identified the individual responsible for the recent assassination attempt on Cabinet Minister, Adel Juma. The prosecutor confirmed that the suspect had fled the country to neighboring Tunisia. The Public Prosecutor has issued an arrest warrant and taken steps to apprehend […]
Syria’s newly appointed President, Ahmed al-Sharaa, has received an invitation from Egyptian President Abdel Fattah el-Sissi to attend an emergency Arab League summit in Cairo on March 4, as confirmed by a statement from the Syrian presidency on Sunday February 23. This marks a significant development in Syria’s efforts to rebuild its relationships with the […]