First Independent Mena Newspaper
The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is doing poorly due to President al-Sisi’s incapacity to drive the country out of the difficult economic situation it has been facing since 2011. Blomberg’s editorialist on Tuesday put the economic […]
The Egyptian judo athlete who caught world attention for snubbing handshake with his Israeli opponent after their contest in the Rio Olympics has been sent back home by his own team for the unfriendly behavior, the International Olympic Committee announced Monday. “The Disciplinary Commission (DC) considered that his behavior at the end of the competition […]
Nigeria’s President Muhammadu Buhari comment saying that his country has suddenly became a poor country, resounded in Algiers as an alarm bell on the repercussions of the plummeting oil prices. Like Algeria, Nigeria depends on oil whose prices crashed to 37 dollars a barrel, and in the best cases oscillate between 40 dollars and 45 […]
The International Monetary Fund (IMF) recently reached an initial agreement to lend $12 billion to Egypt to bolster an economy battered by years of unrest, a move that was denounced by some activists who see the loan terms will further cripple the Egyptian economy. A letter by a number of political groups and figures was […]
The Egyptian government is putting the final touches on new foreign direct investment (FDI) council to be launched very soon in a bid to drain more foreign capital needed by the North African country to support its battered economy. President Abdel Fatah al-Sisi has given green light for setting up a Higher Council for Investment. […]
Egyptian military forces announced Thursday the killing of the Islamic State leader in the Sinai Peninsula, Abu Doaa al-Ansari, in an army-led operation in the provincial capital of el-Arish. IS group in the Sinai has been engaged in a guerrilla war with Egyptian security forces since the 2013 overthrow of the country’s democratically elected President, […]
Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]
Israeli Prime Minister Benjamin Netanyahu Thursday claimed support for Egypt’s peace push in the region to solve conflict between Israel and Palestinians, at the time when ties between Cairo and Tel Aviv rewarm. “I want to thank President al-Sisi for his leadership and for his efforts to advance peace between Israel and the Palestinians and […]
An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy has been hit badly by terror attacks and political unrests. The country has been suffering from severe foreign currency shortage since the beginning of the year. This was mainly because […]
London-based human rights group Amnesty International (AI) has sounded the alarm over the spike in forced disappearances occurring in Egypt as authorities strive to silence dissident and outspoken voices criticizing the regime’s crackdown policies. AI reveals in a report released Wednesday that forced disappearances have become a tactic to quash critical voices opposed to Al […]