First Independent Mena Newspaper
French high-end luxury fashion house Dior is considering opening a shop in Egypt, reports say. Ali Al-Musailhi, Egypt’s Minister of Supply and Internal Trade met Monday with the head of the Christian Dior International Fashion House Chirome Body, the delegated member of the company Pierre de Majoria, accompanied by the president and delegated member of […]
Egypt and Nigeria have signed a memorandum of understanding to enhance cooperation between the two countries in the fields of communication, information technology and digital economy, the Arab country announced Sunday. Per the MoU, the two parties will strategically cooperate in the areas of broadband and optical networking, the use of end-user devices, and the […]
Egypt’s New and Renewable Energy Authority (NREA) decided to cancel a project for the establishment of a 50-megawatt solar power plant in the South of Aswan worth a $50 million investment, Asharq Business reports citing three officials. Per the sources who asked not be named because not allowed to speak on the matter, the establishment […]
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and expand its footprints in the Arab country. Fahad Al-Ghanem, Chairman of the group, made the announcement to Asharq Business, Arab Business reports. Al-Ghanem also revealed that the company will resume […]
The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]
Egypt has ordered 11 Israeli pilots who landed without visa to leave its territory, for national security consideration. The pilots, who arrived in light aircraft, had received a landing permit but were denied entry and told to go back to Israel “for national security reasons,” as they did not have valid entry visas, according to […]
The Egyptian Cabinet approved on Wednesday a draft law criminalizing the circulation of false weather forecast. The draft law imposes fines ranging from EGP 100,000 ($4,000) to EGP 5 million on providing meteorological services without a license or posting false information about weather conditions through different channels, including social media, Ahram online reports. The statement […]
Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]
US-based Honeywell International Inc. will convert the new building of the South Sinai Governorate General Assembly, and Sharm El Sheikh Hospital building into sustainable smart buildings, under a MoU signed on the sidelines of the ongoing COP27 climate summit taking place in Sharm El-Sheikh. The purpose of the MoU is to achieve the highest efficiency […]
Morocco and Egypt have signed an agreement seeking to upgrade their cooperation in matters of environment and sustainable development. The agreement, signed in Sharm el-Sheikh, on the sidelines of the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), takes into consideration recent developments in this field at the […]