First Independent Mena Newspaper
Banknbox, a financial technology (fintech) firm based in the Egyptian capital of Cairo, announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others. Banknbox CEO and Managing Director Basem Mahmoud said the company chose […]
Morocco, Tunisia, and Egypt are on their way to report a record tourism year in terms of revenue and arrivals as they all shed Covid-19 dust buoyed by growing demand from tourist emitting markets on Mediterranean destinations. Despite the global inflationary context and surge in ticket prices due to the Ukraine-Russia war, Egypt reported 7.7 […]
The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27. Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian […]
Egypt has decided to grant foreign yacht tourists three-month visas, as opposed to the previous one-month allowance, in a move to boost the sector. The Ministry of Transport indicated in a statement issued Tuesday July 25 that the move is meant to remove all obstacles facing foreign yacht tourists along the Egyptian coasts and to […]
Egypt is set to send three Chinook helicopters to Greece to help in fighting forest fires, the Armed forces of the North African country announced Sunday July 23. The helicopters are equipped with advanced equipment required to help put out the fires raging in a number of forests in Greece, Egyptian Armed Forces’ Spokesman Gharib […]
China’s Wuhan Engineering Co. and Italy’s Ballestra will help Egypt set up a new domestic fertilizer Complex, the third of the North African country. Egyptian President Abdelfattah al-Sisi discussed on Wednesday with officials from both foreign companies, “Ahram Online” reports citing the Presidential office. The future Complex will complement the existing production of phosphate and […]
13 people died Monday after a building collapsed in the Egyptian capital Cairo, in a string building disasters. A five-storey building reportedly built without permit before 1980, when the country’s construction law was passed, collapsed after a resident recently demolished his apartment’s walls on the first floor, despite warnings not to do so. The prosecution, […]
Egypt is considering building three new Free Zones, Prime Minister Mostafa Madbouly announced Sunday to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). The future Zones, Madbouly’s office indicated in a statement, will be Alexandria, the 10th of Ramadan, and the 6th of October cities. The office also indicated that […]
Egyptian President Abdel Fattah al-Sisi held talks on Thursday (13 July) in Cairo with Ethiopian Prime Minister Abiy Ahmed on the Grand Ethiopian Renaissance Dam (GERD) project on the Nile River and both leaders agreed on the urgent need to launch negotiations on the filling and operation of the dam within four months. The talks […]
Egypt has joined a list of international players by hosting a regional summit of leaders from Sudan’s six neighboring countries in Cairo this Thursday, July 13, focused on preventing the outbreak of a civil war and addressing the deepening humanitarian crisis in the northeastern African country. The peace talks, hosted by Egyptian president Abdel Fattah […]