First Independent Mena Newspaper
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 […]
Sudan summoned Egypt’s ambassador in Khatourm to express resentment at a TV series, which portrays Egyptian terrorist finding refuge in the neighboring country. The Sudanese foreign ministry said that the Ramadan series, titled Abu Amr al-Masry, broadcasted by ON TV satellite channel, is “insulting to Egyptians living in Sudan and destroying the confidence and relations […]
A breakthrough has been reached by Egypt, Sudan and Ethiopia in their long dispute over the distribution of Nile water as Addis Ababa nears completion of its $5 bln Grand Renaissance dam. The three countries agreed to set up a scientific study group to examine the filing of the dam. They also agreed that leaders […]
Liverpool’s Mohamed Salah has been crowned Footballer of the Year for the 2017-18 season by the Football Writers’ Association (FWA) in the United Kingdom. Born in 1992, the Liverpool forward battled off competition from Man City talisman Kevin De Bruyne and Tottenham striker Harry Kane. The 25-year-old is the first African player to win the […]