First Independent Mena Newspaper
Washington in August froze $300 million military aid to Cairo after US intelligence intercepted a shipment of 30,000 grenades from North Korea to Egypt under an apparent secret deal violating international sanctions against the rogue state, reports suggest. The Trump administration unexpectedly put halt to the money citing the North African country’s poor human right […]
Egypt plans to issue a new $1.8 billion bond by the end of November and a new $10 billion Eurobond program next year, Finance Minister Amr El Garhy said on Monday. According to the official, the finance ministry would determine the currency of its next Eurobond issuance within two weeks. “The issue will be in […]
Each year, the Global Firepower specialist site draws up its global ranking of conventional armies, which does not take into account the stockpiles of nuclear weapons. In its 2017 military strength ranking, seven African countries are in the top 55. These are Egypt, Algeria, Ethiopia, Nigeria, South Africa, Angola and Morocco. As usual, the list […]
Egyptian Defense minister on a visit to South Korea has told host officials that the North African country has severed military ties with North Korea, meeting therefore a demand by the United States as condition to unfreeze military aid. The announcement was confirmed to the public by the South Korean news agency Yonhap, which cited […]
The US Administration has set six conditions to be met by Cairo before it unfreezes the military aid it cut last week, London-based The New Arab reports. Washington decided last week to delay $195m in military aid to Cairo because of concerns over Egypt’s human rights record, the ratification in May by President al-Sisi of […]
The Egyptian interior ministry announced it clamped down on a private hospital and arrested 12 people including medial staff involved in human organ trafficking, in Giza province, part of greater Cairo. The detained include three doctors, four nurses, three hospital workers and two agents. The ministry said the arrestees who form a network, “agreed with […]
The European Bank for Reconstruction and Development (EBRD) and Proparco have contributed $58 million each for the construction and operation of two 50 MW solar photovoltaic power plants in Egypt. These plants are the first two projects to be financed under Egypt’s ambitious feed-in tariff scheme for renewable and will be part of the planned […]
The interior ministry announced Thursday security forces clashed with terrorists apparently with links with May attack against Coptic Christians killed while traveling to a monastery in the south of the country, reports say. Three jihadists and a security forces were killed in the shootout which occurred Tuesday in the southern province of Qena. The shootout […]
Egypt has convened Libyan factions involved in the political process in the oil-rich North African country, asking them to establish modern democratic state and end polarization. Egypt’s Chief of Staff, Lieutenant General Mahmoud Hegazy, who heads the Egyptian committee mediating the Libyan crisis, this week held three-day talks with Libyan delegations from the cities of […]
A new military base, the largest in the Middle East and Africa, was inaugurated over the weekend and baptized after the leader of the 1952 Egyptian revolution and the country’s first President, Mohamed Neguib. The military base, consisting of more than 1,100 new or recently renovated buildings, was built on what used to be a […]