First Independent Mena Newspaper
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 […]
Car giant company Nissan Tuesday indicated that it envisions increasing its market share in Morocco by 2016 and make the kingdom its pivotal point to conquer the African continent. Nissan Boss for Africa, Middle East and Far East Christian Mardrus speaking at the launch of a new Nissan show-room in Casablanca said the car producing […]
President Beji Caid Essebsi of Tunisia held a closed door meeting with his Egyptian counterpart Abdel-Fattah El Sisi shortly after he arrived in Cairo Sunday on his maiden official visit to the country. President Essebsi described the meeting as “successful” and said there is a mutual interest to strengthen cooperation and solidarity. In a joint […]
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 […]
Libyan Premier Abdullah Al-Thani has been prevented Monday, for the second time in less than a week, from leaving the country as he was about to fly to Egypt for Eid holiday. Security forces close to Gen. Haftar pulled him out of his official plane at Labrag Airport. This was the fourth time, and the […]