First Independent Mena Newspaper
Egypt has purchased ten Turkish-made ANKA drones after months of secret negotiations between the two countries before reaching deal, first of its kind after the fall of former President Hosni Mubarak in a popular uprising in 2011. With a 56-foot wingspan, the unmanned aerial vehicle (UAV) has the ability to fly 24 hours at a […]
After a one-month suspension, the extraction and exploitation of phosphates in the Gafsa mining basin (south-west) as well as the phosphate washing activities have resumed their normal pace last week. The transport of phosphate and triphosphate via the railway has also resumed starting from Métlaoui (one of the towns on the mining field) towards Gafsa, […]
In honoring its initial three-year work commitment with Mauritania concerning the Block C19 which is offshore, Chariot oil and gas has handed out a contract to a Norwegian company, Furgo, to do a 3D seismic survey in the area. In a released statement from Chariot, Furgo will be surveying depths ranging from 30 meters up […]
One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]
The president of the Libyan National Conference, Dr. Muhammad Al-Muqairef, is at the head of a delegation in the Kingdom of Saudi Arabia to widen their global portfolios should consider carrying out projects in conjunction with the Libyan government. The country is on verge on rebuilding its economy and President Dr. Muhammad Al-Muqairef is trying […]
In the few coming months, Mauritanians will have the possibility to watch some new TV stations after the Nouakchott government agreed lately to open up the country’s airwaves to private broadcasters and gave its nod for the launching of five private TV channels and five radio stations. The move is seen as part of the […]
Egypt has recalled its newly appointed ambassador to Israel, Atef Mohamed Salem, after the commander of Hamas military wing, Ahmed Al-Jaabari. was killed in an Israeli raid on Gaza strip. The announcement was made Wednesday evening by a presidential spokesman in a televised statement. The spokesman said that President Mohamed Morsi has also summoned the […]
The European Union has agreed to extend Egypt nearly €5 billion economic and political assistance to help the country cope with the transition phase it is going through. The decision was made on Wednesday during the EU-Egypt Task Force, the largest-ever meeting between the European Union and Egypt. The economic and political assistance package will […]
Discussions were held in Algeria by the international monetary fund mission. These discussions gathered the minister of Finance, the minister of agriculture and rural development, the minister of labor, employment and social security and the Governor of the Bank of Algeria. All of them reflected on short and medium term economic policies and the influence […]
In order to encourage parents to put their children in school as early as possible, the World Food Program (WFP) has signed for a second time a partnership agreement with Vodafone Egypt. Wanting more Egyptians to benefit from the program, Vodafone has given $USD 1 million. This sum is planned to nourish 75 000 people, […]