First Independent Mena Newspaper
Egypt has instructed all governorates to halt all construction projects for a period of six months. Local Development Minister Mahmoud Sharawi announced Monday the cabinet decision and instructed all local governors including those of Greater Cairo and Alexandria to make sure the order is fully implemented. Sharawi also urged local officials to tour cities and […]
Egypt has blamed the UAE, its ally in Libya, after protégé rebel Gen. Khalifa Haftar lost early this week a key airbase to forces controlled by UN-backed Government of National Accord (GNA). Egyptian sources told London-based Al-Araby Al-Jadeed daily that Cairo has been “very disappointed” by the UAE’s “unilateral moves” in the Libyan crisis. Haftar […]
The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
Egypt’s army Sunday said it killed 126 terrorists in the restive Sinai province in multiple operations, near the border with Gaza strip. Colonel Tamer al-Refai, a military spokesman, said in a statement army forces carried out 22 raids and 16 operations in the province. The forces also destroyed 228 hideouts and eight tunnels in Gaza […]
The Union of Arab Football Associations, UAFA, is considering cancelling the suspended Arab Champions Cup, dubbed the Mohammed VI Cup, over the continuous spread of covid-19 in the countries of the four finalist teams. The competition was suspended in February after the first leg of the first semi-final between Morocco’s Raja Casablanca and Egypt’s Ismailia […]
Forces aligned with east-based Libyan rebel Gen. Khalifa Haftar have arrested Egypt’s most notorious terrorist known as Mohammad Mohammad Al-Sayyid. He was wanted by Cairo for attacks on security forces and Coptic Christians, reports say. Haftar’s self-proclaimed Libyan National Army (LNA) announced al-Sayyid’s arrest on Wednesday. The man described as the most dangerous terrorist in […]
A police officer and seven alleged terrorists died in a gun shootout during a security raid on a terror cell, in capital Cairo, the Interior Ministry said Wednesday. The ministry said the raid came on the back of intelligence that the terror cell was using several areas in southern and eastern Cairo as hideous to […]
Egypt has postponed sine die the Initial Public Offering (IPO) to sell minority shares state-run Banque du Caire (BQDC.CA) due to spread of covid-19 contamination, reports say. The operation slated for mid-April on the Egyptian Stock Exchange aimed at selling the shares for about $500 million. The Bank Chairman Tarek Fayed, Reuters notes, told a […]
Egypt Railway Authority is in the process of buying 50 new locomotives from German multinational conglomerate company as the most populated Arab country embarks modernizing its rail way sector. The deal which is in the pipeline according to Arab Finance Brokerage includes maintenance works for 50 of Siemens Henschel, a model that has been efficiently […]
Russian Novosibirsk Chemical Concentrates Plant (NCCP), an enterprise of ROSATOM’s TVEL Fuel Company, and the Egyptian Atomic Energy Authority have signed a 10-year contract for supply of low-enriched nuclear fuel components, such as uranium and aluminum items, for ETRR-2 research reactor. ETRR-2, a research reactor of Argentinian design, is based at the Nuclear Research Center […]