First Independent Mena Newspaper
As Egypt navigates its economic recovery, a notable divergence has emerged between Government projections and IMF estimates regarding public debt reduction. While the Egyptian Government targets a reduction of public debt to 85% of GDP by the end of FY2024/25 and to 80% by mid-2027, the IMF forecasts a slower decline from 92.9% to 73.9% […]
Wafa Assurance, one of Morocco’s leading insurance companies, has launched a public takeover bid (OPA) worth 925 million dirhams or $100 million to acquire a controlling stake in Delta Insurance S.A.E., a prominent Egyptian insurer. The bid, filed with Egypt’s Financial Regulatory Authority (FRA) on June 10, targets at least an acquisition threshold of 51%, […]
Egyptian fertilizer manufacturers were forced to suspend operations over the weekend after a major drop in natural gas imports from Israel, industry sources told Reuters. The disruption followed Israel’s military strikes on Iranian nuclear facilities, prompting the shutdown of key Israeli gas fields, including Leviathan and Karish. In response, Egypt’s Petroleum Ministry activated an emergency […]
Egyptian engineering firm Petrojet has secured a $21.76 million contract to develop a liquefied petroleum gas (LPG) facility in Jordan, marking a significant step in its regional expansion strategy. This project aligns with Petrojet’s broader objective to enhance its presence in the Middle East, particularly in energy infrastructure development. The company has been actively pursuing […]
Morocco and Egypt have called for an immediate ceasefire in Gaza and for unrestricted distribution of humanitarian aid to the starving Palestinians. This came during a meeting held in Rabat on Wednesday between Morocco’s Minister of Foreign Affairs, Nasser Bourita, and his Egyptian peer Badr Abdel Aty, who is visiting Morocco to convey a written […]
The European Parliament and Egypt held this week in Cairo the 14th EU-Egypt Interparliamentary Meeting (IPM) that focused on fostering parliamentary dialogue and cooperation. The EU parliament’s delegation for relations with the Mashreq countries (DMAS), led by Chair Laurent Castillo, and Egyptian MPs discussed a wide array of critical issues, including bilateral relations, regional stability, […]
President Abdel Fattah El-Sisi has sent a written message to King Mohammed VI. The message was handed over by Egyptian Foreign Minister Badr Abdelatty to Moroccan peer Nasser Bourita during a meeting held Wednesday in Rabat. The two officials discussed bilateral relations, cooperation prospects in various sectors, coordination of stands regarding issues of common interests […]
After nearly two decades of dormancy, Egypt and Mauritania have reactivated on May 27 their bilateral cooperation mechanism through the revival of the Joint Committee, signaling a strategic commitment to developmental diplomacy and South-South collaboration. The second session of the Committee, held in Nouakchott, underscored a shared ambition to recalibrate bilateral ties in line with […]
Attijariwafa bank’s Club Afrique Développement (CAD) successfully conducted its 41st multisector mission in Egypt on May 14-15, 2025. Organized in partnership with Attijariwafa bank Egypt, the event brought together over 300 top economic and institutional decision-makers from 12 African countries, reinforcing the Club’s pivotal role in developing intra-African trade. The mission attracted delegates from Cameroon, […]
Attorneys throughout Egypt began a two-day general strike on Sunday in accordance with the Lawyers Syndicate’s resolution to protest the rise in litigation fees, and refuse to appear at hearings in any of the country’s criminal courts. The syndicate confirmed in a statement on Sunday that anyone who attends the sessions in violation of the […]