First Independent Mena Newspaper
Egypt has unveiled its strategic objectives to scale up exports to over $140 billion by 2030 and secure annual foreign direct investment (FDI) inflows of $20 billion. “This is a realistic and achievable target,” Prime Minister Mostafa Madbouly said at a press conference on September 25. He emphasizing the feasibility of these economic milestones, highlighting […]
Beltone Holding announced that its subsidiary, Beltone Leasing and Factoring, has signed a leasing and factoring agreement with Madkour Group, totaling EGP 400 million. The agreement includes a sale and leaseback arrangement for Madkour Group’s administrative unit assets at the “Zizinia” project in New Cairo, valued at EGP 300 million. Additionally, it provides EGP 100 […]
Egypt’s Minister of Foreign Affairs, Badr Abdelatty, reaffirmed the country’s right to safeguard its water security in response to the challenges posed by the Grand Ethiopian Renaissance Dam (GERD), asserting that Egypt will protect its interests in line with international law. In an interview with Asharq News published on September 22, Abdelatty highlighted the existential […]
The Speaker of the Libyan House of Representatives (HoR), Aqila Saleh, praised the recent rapprochement between Egypt and Turkey, stating that it plays a crucial role in resolving the Libyan crisis and facilitating the withdrawal of foreign forces from the country. In a statement to Russian news agency Sputnik on September 17, Saleh said that […]
The Egyptian government has finalized the purchase of 20 shipments of Liquefied Natural Gas (LNG) worth approximately $907 million to meet the country’s domestic energy demands between October and December 2024, according to undisclosed sources cited by Reuters. The procurement, overseen by the Egyptian General Petroleum Corporation (EGPC), features a six-month deferred payment plan. This […]
Russian Foreign Minister Sergey Lavrov has called for the swift appointment of a new UN envoy to Libya. He made this appeal during a joint press conference with Egyptian Foreign Minister Badr Abdel Aati in Moscow. The Egyptian Foreign Minister on his part emphasized the need for the Libyan people to determine their own future. […]
Egypt’s wheat imports significantly increased in the first half of 2024, rising to $2.324 billion from $1.785 billion in the same period of 2023, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). Wheat remains a crucial staple food for the country, contributing to the overall rise in raw material imports, which reached […]
Exports of thermal coal from the US to Africa increased 60% in the first half of this year to 5.3 million tons, compared with 3.1 MMst in the same period in 2023, the International Energy Agency said. In the first half of 2024, U.S. exporters shipped virtually all (98%) of this thermal coal to Egypt […]
On Wednesday September 11, the Central Agency for Public Mobilization and Statistics (CAPMAS) reported an increase in Egyptian exports to Germany. In the first half of 2024, Egyptian exports to Germany totaled $463 million, up 11% from $417 million during the same period in 2023. Egyptian imports from Germany also rose, reaching $2 billion in […]
Morocco and Egypt have confirmed the strength of their relationship, dealing a hard blow to the ruling junta in Algiers which has tried to no avail to sow trouble in the Moroccan-Egyptian relations following the signing of military cooperation agreement between Rabat and Addis Ababa. The meeting held Tuesday in Cairo between Moroccan Foreign minister […]