First Independent Mena Newspaper
The European Union signed a “historic” deal with Egypt on Sunday (17 March) that includes a funding package of 7.4 billion euros and elevating their relationship to the level of a “strategic and comprehensive partnership”, in bid to stem migrant flows to Europe. The 7.4 billion-euro aid package for cash-strapped Egypt was announced by European […]
Egypt is reportedly set to receive up to 7.4 billion euros in funding from the European Union under a major ‘cash for migrant control’ pact which could be formally announced during the upcoming visit of the European Commission chief to Cairo this Sunday (17 March). The EU support package is intended to relieve pressure on […]
Only days after the announced $35 billion deal with the UAE for the development of Ras al-Hekma on its Mediterranean coast, Egypt is reportedly also targeting investors from Qatar and Saudi Arabia offering them prime Red Sea coastal land in Ras al-Ghamila in South Sinai for sale as part of Cairo’s attempt to inject cash […]
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, economists say, will inject $35 billion of foreign direct investment into the struggling Egyptian economy, helping it to bolster economic growth and address a hard currency crisis. The deal is […]
Cairo will stand shoulder to shoulder with Somalia and will not allow any threat to the Horn of Africa country, Egypt’s president has said, referring specifically to Ethiopia’s recent agreement with the breakaway Somaliland that would give it access to the sea and allow it to establish a marine force base. “Egypt will not allow […]
The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing of small and medium-sized enterprises (SMEs) across Africa. President of CDB, Mr. Tan Jiong, and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, signed the […]
Banknbox, a financial technology (fintech) firm based in the Egyptian capital of Cairo, announced the opening of its $10 million regional headquarters in Egypt to provide an integrated platform of banking solutions, electronic payments, smart transportation tech, and digital government payment solutions, among others. Banknbox CEO and Managing Director Basem Mahmoud said the company chose […]
13 people died Monday after a building collapsed in the Egyptian capital Cairo, in a string building disasters. A five-storey building reportedly built without permit before 1980, when the country’s construction law was passed, collapsed after a resident recently demolished his apartment’s walls on the first floor, despite warnings not to do so. The prosecution, […]
India’s leader Narendra Modi will visit Egypt Saturday – his first- and looks forward to advancing partnership between the two countries. Modi’s visit follows that of Egyptian leader Abdelfattah Al-Sisi to the Asian giant last January, at the invitation of the Indian leader himself. “We had the pleasure of receiving President al-Sisi as the chief […]
Egypt’s national carrier EgyptAir has added new routes serving India and the United Kingdom, namely Cairo to Manchester and Cairo to New Delhi. The Manchester-bound flights will kick off on July 15 with plans to operate five weekly round trips on Tuesdays, Thursdays, Fridays, Saturdays, and Sundays, using the Boeing B737-800NG model. The first flight […]