First Independent Mena Newspaper
The healthcare sub-fund of The Sovereign Fund of Egypt (TSFE) and B Investments company have entered into a partnership with El-Ezaby pharmacy chain to launch a new venture tasked to provide business-to-business (B2B) services in the Egyptian pharmaceutical sector, Ahram Online reports. The company, named EZ International, will provide pharmaceutical companies in Egypt with a […]
Egyptian capital Cairo will host in November 2024 the 12th World Urban Forum (WUF), the world’s largest event to address urban development challenges. The event hosting-related agreement was signed by Egyptian Prime Minister Mostafa Madbouly and Maimunah Mohd Sharif, Executive Director of UN-Habitat, WUF said in a statement. “We are proud to be hosting the […]
Egypt took over from Morocco the co-presidency of the Global Counterterrorism Forum (GCTF). The Arab country will co-chair the forum with the European Union, GCTF said Thursday during a ceremony held in the Egyptian capital, Cairo. “We are honored to be hosting the first GCTF Coordinating Committee meeting, co-chaired with the European Union, in which […]
Egypt’s General Authority for Investment and Free Zones has indicated that the North African country is seeking cooperation with Japan to localize the automobile industry. Hossam Heiba, Chairman of the authority, discussed with President of Toyota Tsusho a sustainable partnership between the two countries to conquer the African market, leveraging on Japan’s technological, investment and […]
The United States is ready to provide the necessary support for Egypt, U.S top diplomat Antony Blinken said Tuesday as the North African country continues to welcome Sudanese refugees fleeing the infighting between the army and paramilitary group, Rapid Support Forces (RSF). Blinken made the pledge during a telephone conversation with his Egyptian counterpart Sameh […]
Egyptian authorities released Monday Al-Jazeera journalist, Hesham Abdel Aziz, and journalist Raouf Ebeid from pretrial detention, reports say. Abdel Aziz, a journalist at Al Jazeera Mubasher, was arrested on 20 June 2019 at Cairo International Airport. He was later accused of belonging to a banned group, and remained in custody until December 2019. Aziz’s health […]
Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to Egypt by the Japanese Prime Minister Fumio Kishida. This Japanese investment is one of the largest packages to support the plan to develop transportation in Egypt. The fourth phase of […]
The European Bank for Reconstruction and Development (EBRD) is set to approve by end of May a $100 million loan program to Banque Misr, under the Financial Intermediaries Framework (“FIF”), to finance micro, small, and medium enterprises (MSMEs). The program, according to the EBRD website, will support BM’s lending to private MSMEs in Egypt, where […]
Egypt and Greece have signed a Memorandum of Understanding (MoU) to launch a periodic dialogue between their ministries of Finance in order to exchange views on financial policy issues and topics, mechanisms of developing technical cooperation, the Egyptian Finance Ministry said in a statement. Mohammed Moait, Egypt’s Finance Minister signed the deal with his hosting […]
Thirty five people, including 26 tourists of different nationalities, were rescued Tuesday after their tourist boat capsized in the northern Red Sea, during a cruise to one of the local diving areas. The victims were rescued by workers on another tourist boat sailing nearby, Al-Masry Al-Youm reports. The tourists were transferred to a nearby marina, […]