First Independent Mena Newspaper
In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]
The US embassy in Cairo Monday instructed its staff to avoid religious sites outside Cairo as attacks against Coptic Christians multiply. The embassy said on its website that risk for possible additional attacks is still high. “Terrorists have attacked targets associated with the Christian community in Egypt. Incidents have occurred in both urban and isolated […]
Egyptian and Russian Foreign affairs ministers on Monday discussed bilateral and regional issues in Cairo including the resumption of flights between Russia and the North African nation. Moscow suspended passenger flights to Egypt, in the wake of the crash of a Russian jet in Egypt in November 2015. A group affiliated with Islamic State has […]
The EBRD has lent €186 million the Fayoum Water and Wastewater Company to enable improve living conditions of the local three million inhabitants through the development and expansion of wastewater services. The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighborhood Investment Facility […]
Egyptian fighter jets have stricken bases of the Islamic State (Daesh) in eastern Libya after the latter claimed the attack south of Cairo on a bus carrying Copts that left 29 dead. The Copts had been travelling to the monastery of St Samuel the Confessor, 85 miles south of Cairo, when their small convoy was […]
The European Bank for Reconstruction & Development has provided an Egyptian petrochemicals producer Carbon Holdings a $ 11 million loan to help this company reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the funds will be used to improve standards beyond the […]
The Head of UN Human Right Commission has lambasted President al-Sisi’s strategy against terrorism as he argued that crackdown on human rights groups and activists fuels the surge in radicalization. Zeid Ra’ad al-Hussein speaking in Geneva Monday noted that even though Egypt deserves to stamp out terrorism, the limitation on human rights rolls out a […]
The Head of UN Human Rights Commission has lambasted President al-Sisi’s strategy against terrorism as he argued that crackdown on human rights groups and activists fuels the surge in radicalization. Zeid Ra’ad al-Hussein speaking in Geneva Monday noted that even though Egypt deserves to stamp out terrorism, the limitation on human rights rolls out a […]
Several rights groups called on the US government to suspend military aid to the Sisi’s regime in Egypt after a video circulated online showed Egyptian soldiers executing as many as eight detainees in the northern Sinai Peninsula. The perpetrators of the executions were said to be members of Egyptian military intelligence. They were shown in […]
The Egyptian army Thursday indicated that strikes conducted by military aircrafts in the Sinai have killed several militants of the Islamic State group (IS) including three prominent members of the terror group which has been inflicting losses to the army. A total of 19 militants of the terror group were killed in the airstrikes. Three […]