First Independent Mena Newspaper
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 […]
The Egyptian Ministry of Petroleum, led by Minister Karim Badawi, is set to launch a new gold and associated minerals exploration bidding process in the first quarter of 2025. This announcement came during a meeting with officials from South Africa’s AngloGold Ashanti, where discussions centered on the ongoing exploration and drilling operations in Egypt’s Sukari […]
On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]
Egypt’s external debt reached a record $168.1 billion in 2023, a 2.9% rise from the previous year and the highest level since 2012, according to the World Bank’s International Debt Report (IDR) released on December 3. However, the Central Bank of Egypt (CBE) reported a 5% quarterly decline, with external debt falling to $152.88 billion […]
Egypt’s House of Representatives approved on Monday, December 2, a Memorandum of understanding (MOU) with the European Union, securing a €1 billion financial support mechanism aimed at stabilizing the Egyptian economy and bolstering the national budget, according to the Ministry of Planning, Economic Development, and International Cooperation. This funding is part of a broader €7.4 […]
Laila Soueif, mother of Egyptian-British blogger Alaa Abdel Fattah, who has been detained in Egypt for more than five years, is continuing her hunger strike. Laila Soueif, 68, who has not eaten for 59 days, has urged British Foreign Minister David Lammy to take action to secure her son’s release. The blogger was arrested in […]
Egyptian authorities announced on Monday, November 25, that 28 individuals were rescued after a tourist boat capsized off the Red Sea coast, with search efforts underway to locate 17 others still missing. The vessel, identified as Sea Story, was carrying 31 tourists from various countries and 14 crew members when it sent out distress signals, […]