First Independent Mena Newspaper
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 […]
Egyptian tourism professionals pin high hopes on campaigns to revitalize the sector which has been badly hit by repeated terror attacks that scared off foreign tourists. In 2014, nearly 10 million tourists visited the North African country, bringing with them $ 7.5 billion in revenues against the 14.7 million tourists that visited Egypt in 2010, […]
2015 Eid celebration will remain historic for two Aljazeera reporters and other prominent prisoners as they have been pardoned by the Egyptian President on the eve of the Muslim sacrifice celebration. Al-Sissi ordered the release of 100 prisoners among them the Aljazeera’s Fahmy and Baher. The two reporters’ sentences were confirmed by a Cairo court […]
Human Rights Watch Tuesday criticised Cairo for smashing people’s rights in its campaign against IS fighters in North Sinai and said it may produce more militants as its buffer zone creation is leaving thousands of residents with no roof and no means of subsistence. The Chief of the Human Watch Dog in Middle East and […]
Egyptian army Monday announced that it killed 5 Jihadists and arrested several others on the 14th day of its “Martyrs’ Right” against IS-linked groups in North Sinai. The army said on its official facebook page it killed 5 militants and captures 15 others in the operation meant to free the North Sinai cities of militant […]
A new Egyptian government led by Prime Minister Sherif Ismail, the petroleum minister in the former government, was sworn in on Saturday. The new cabinet features almost half of the ministers that were in Mahlab’s government. The government is expected to be short-lived because a new government would be announced before the end of the […]
Mexico’s foreign minister Claudia Ruiz Massieu who flew to Cairo after the tragic death of 8 Mexican tourists has called for thorough, comprehensive, prompt and transparent investigations in the circumstances that led to what she termed “tragic and unprecedented events.” The 8 Mexican tourists were killed together with 4 Egyptians and 10 others were injured […]
The European Union members largely agreed in Brussels on Monday to carry out military actions against migrant smugglers networks which operate from Libya. Gathered in Brussels, EU ministers of the interior agreed to move to the second phase of EU’s counter-illegal migration strategy adopted in July. The EU interior ministers deemed that “the conditions to […]