First Independent Mena Newspaper
The government of Egypt last weekend signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for eight wells, a statement said. The government in a separate deal of $10 million with Rockhopper, Kuwait Energy and Canada’s Dover Corporation, agreed on the exploration of the Western […]
Egypt’s Foreign Ministry on Monday condemned the comments issued by the United Nations High Commissioner for Human Rights Michelle Bachelet, regarding the latest death verdicts in the North African nation. An Egyptian court has sentenced 75 prominent members and affiliates of the Muslim Brotherhood to death, as part of a mass trial that included 739 […]
Cyprus justice authorities Sunday said they handed over to Egypt a 61-year old Egyptian man who hijacked and diverted in 2016 an EgyptAir flight from the city of Alexandria to Cyprus. Seif al-Din Mohamed Mostafa was returned to his homeland after Egypt provided guarantees that it will provide international standard legal procedures for his trial, […]
The European Bank for Reconstruction & Development (EBRD) announced Wednesday a $44 million loan for the Egyptian dairy and juice producer, Beyti. The money will enable the company to refinance existing short-term loans with a longer tenor loan more suitable for its investment and development phase. The EBRD loan will also help the Egyptian company […]
Egyptian President Fattah al-Sisi Monday told his Yemeni counterpart that Cairo is concerned about insecurity in the Red Sea after Houthi rebels attacked two Saudi oil tankers last month in the Strait of Bab al-Mandab. “We categorically reject that Yemen becomes a foothold for the influence of non-Arab forces, or a platform for security and […]
Egypt’s record-breaking goalkeeper and oldest player, Essam El-Hadary has retired from internationals. The veteran goalkeeper, 45, earned his place in history during Egypt’s 2-1 loss to Saudi Arabia, where he became the oldest man to play at a World Cup this summer. Essam El-Hadary overtook Colombia’s Faryd Mondragn, who played the last five minutes of […]
A Czech tourist died Friday as result shark attack in the Red Sea while spending time with family in the North African country, reports say. The identity of the man has not been disclosed but Czech Radio reported that the 41-year-old man was swimming in the Red Sea off the coast of Marsa Alam in […]
The defense ministry Sunday said over 50 suspected militants were killed in the past days in ongoing operation across the restive Sinai Peninsula where authorities are pushing to flash out the Islamic State group (ISIS). The Egyptian army and forces under interior ministry have been conducting since February a major offensive in the Sinai to […]
The European Bank for Reconstruction and Development (EBRD) has announced a €205 million loan to Egypt to help the transports authority rehabilitate Cairo Metro, the major means of public transport in the Egyptian capital. The funds will finance urgent works on Line 1 – the oldest of the Cairo underground lines – which remains the […]
Lawmakers in Egypt on Sunday criticized President Abdel Fattah al-Sisi’s recent fiscal reforms. The 25-30 Alliance, a bloc of a small number of opposition MPs, demanded in a statement that Sisi cancel what it called “errant economic decisions” affecting the lower and middle classes. Egyptian President Abdel Fattah al-Sisi has revived the North African nation’s […]