First Independent Mena Newspaper
A senior member and money provider of the Egyptian banned Muslim Brotherhood organization was arrested on Thursday. According to security sources, the Egyptian businessman Hassan Malek was arrested at his house. The reasons behind his arrest were not clearly defined. A statement by the interior ministry just pointed out that he was involved in judicial […]
The much awaited Egyptian parliamentary elections that will cap the democratic transition of the country after being postponed on several occasions seem to be a low-key stage in the transition as voters stayed away from the polls Monday, the second and last day of the voting. On Sunday, Prime Minister Sherif Ismail said only 15% […]
Egyptian Foreign Minister, Sameh Shoukry, said his country’s actions within the Security Council will be orientated towards bringing stability in conflict zones including Libya, Syria, Iraq, Yemen and mostly the Palestinian-Israeli conflict. The Egyptian Foreign Minister made the statement Thursday after his country was elected to sit as a non-permanent member of the United Nations […]
Egyptian authorities are negotiating with Russian Company Rosatom for the construction of a nuclear power plant to enable the most populous country in the Arab world meet its growing energy demands. Talks are believed to be at their final stages and a deal is expected to be sealed by the end of 2015, according to […]
A top Egyptian governmental adviser on electoral processes indicated Tuesday that authorities will not allow women wearing “sexy clothes” to enter poll centers to cast their votes. “We must respect the laws and traditions,” said Major General Rifaat Qamsan. Qamsan, expert in electoral matters, and former assistant to Egyptian long serving interior minister Habib al-Adly, […]
An Egyptian court Monday ruled in favor of the two sons of the ousted Egyptian President Hosni Mubarak, ordering their release, a lawyer of the defendants said. Alaa and Gamal Mubarak will be freed after spending three years behind bars since 2011, the year they were sentenced to three years in jail for corruption. A […]
National Bank of Egypt (NBE,) largest commercial bank in the North African country, has launched “Women in Business (WIB)” program aimed at strengthening the role of women entrepreneurs in the Egyptian economy This initiative has gained the full support of the European Bank for Reconstruction and Development (EBRD) which helps NBE to provide a comprehensive […]
Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]
Egyptian President Abdel Fattah Al-Sissi in an address told the General Assembly on Monday that finding a solution to the Palestine-Israel conflict will bring peace in the Middle East region and end terrorism. Al-Sissi called on resolving the conflict and empowering the Palestinians towards self-determination and “an independent state within the border of 4th June […]