First Independent Mena Newspaper
Egypt’s urban inflation rate has experienced a slight reduction for the fourth consecutive month, falling to 24% in January, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on February 10. This marks a modest decline from the 24.1% recorded in December 2024. On a year-on-year comparison, inflation has dropped by 0.8 percentage […]
Turkish authorities have successfully returned 152 cultural artifacts of Egyptian origin after they were seized during a search of a foreigner’s home in Turkey. The items, including figurines, seals, and amulets dating from 4000 B.C. to the 1st century, were identified by experts from the Fethiye Museum as being unlawfully acquired. Legal action was promptly […]
Egypt has reaffirmed on Sunday February 2 its commitment to the reconstruction of the war-ravaged Gaza Strip, stating that its efforts will ensure Palestinians are not displaced from their land. Speaking at a news conference in Cairo, Foreign Minister Badr Abdelatty emphasized that Egypt has a “clear vision” for Gaza’s rebuilding, which includes fulfilling the […]
The Egyptian Parliament has strongly rejected any proposals to relocate the Palestinian people from their land, calling such actions a “grave threat” to regional security and stability. Speaker Hanafi Gebali addressed the issue in a parliamentary session on Monday January 27, emphasizing that the Palestinian cause is not a simple territorial dispute but a matter […]
Egypt is in talks with the European Union (EU) to secure €4 billion ($4.2 billion) in financial assistance to support its ongoing reform efforts. The funds, which are expected to be allocated for budget support rather than specific projects, are part of Egypt’s broader strategy to stabilize its economy amid external challenges. Minister of Planning, […]
Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]
The African Development Bank (AfDB) will support the first phase of Egypt’s Private Sector Development and Economic Diversification Program. This comes under a $131 million agreement with the Egyptian Government and is part of a broader effort to strengthen Egypt’s economy and improve the business environment. This initiative aligns with the government’s strategy to enhance […]
The Information and Decision Support Center (IDSC) of the Egyptian Cabinet has released a report analyzing the future of employment, focusing on the transformative impact of technology and global economic shifts. Based on studies since the World Economic Forum’s first “Future of Work” report, the analysis highlights opportunities and challenges as technology and globalization reshape […]
Morocco started imposing a 29.9% anti-dumping duty on Egyptian canned tomatoes to protect the local industry from unfair prices, the trade ministry and the customs administration said. The duty has been applied since May 31 and will be in place over the next five years to protect the local industry, they said in a statement. […]
Uzbekistan and Egypt have taken a major step in bolstering their bilateral relations, signing six pivotal cooperation agreements during the 7th Session of the Joint Committee on Economic, Scientific, and Technical Cooperation this December 24. The event, co-chaired by Egypt’s Minister of Planning and International Cooperation, Rania A. Al-Mashat, and Uzbekistan’s Minister of Investment, Industry, […]