First Independent Mena Newspaper
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, […]
Cairo hosted the 11th D8 summit that brought together leaders from developing countries—Egypt, Bangladesh, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The summit themed “Investing in Youth and Supporting SMEs: Towards Tomorrow’s Economy” emphasized collaborative efforts to tackle global and regional challenges. The summit focused on the crises in the Middle East, including conflicts, economic […]
The Egyptian Government plans to drill 46 new oil and gas wells this fiscal year, with an investment of $748.5 million. Minister of Petroleum and Mineral Resources, Karim Badawi, announced on Monday that 15 agreements are in the pipeline, accompanied by $20 million in signing bonuses. The Government aims to boost domestic output, reduce imports, […]
The Egyptian House of Representatives officially approved on Dec.15 a key financing agreement between the Egyptian Government and the Abu Dhabi Exports Office (ADEX). This agreement aims to support Egypt’s wheat imports through the General Authority for Supply Commodities (GASC), ensuring a reliable supply of wheat for the country. The framework outlined in the agreement […]
Negotiations are reportedly advancing on a potential deployment of Arab forces along the Egypt-Gaza border, specifically in the Philadelphia Corridor, as part of post-conflict arrangements for the Gaza Strip, according to Israeli media reports on December 11. The proposal, spearheaded by the United Arab Emirates, has been presented to Egypt following discussions with several Arab […]
Apple Pay, Apple’s mobile payment and digital wallet service, has officially launched in Egypt, December 10, marking a major milestone in the nation’s digital payment evolution. Users can now make secure, contactless transactions through Apple devices such as iPhones, Apple Watches, iPads, and Macs. The initial rollout includes partnerships with the National Bank of Egypt, […]
The Egyptian New and Renewable Energy Authority has released a report on its official website detailing the private sector’s involvement in the development of electricity generation projects from solar and wind energy, aiming for a total capacity of 18,550 megawatts by 2030. The report highlights that new wind energy power plants, set to be operational […]
Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]