First Independent Mena Newspaper
The International Monetary Fund (IMF) has announced that the Egyptian economy is on the right path in recovering from the shambles of the protests that started in 2011. The implemented structural and monetary reforms are boosting the economy and IMF projected that growth could reach 3,8% in 2014-2015 and rise to up to 5% over […]
President Abdel Fattah Al-Sisi spoke to the leaders of Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates (UAE) to assure them of his goodwill following the airing of a tape allegedly involving him, his former head of office Abbas Kamel and Egyptian Armed Forces Chief of Staff Mahmoud Hegazy. The tape seems to be […]
Egyptian court has sentenced on Wednesday, the leftist revolutionary and prominent activist Ahmed Douma to life imprisonment for “illegal gathering”, “arms”, “disturbing public order”, “vandalism” and “inciting violence. The court also sentenced 229 others to life in jail in absentia for the same charges, and 39 juveniles received 10-year sentences in absentia. These liberal activists […]
Egypt has been rocked this weekend by another wave of deadly violence triggered by clashes in a Cairo stadium between fans of the football club of Zamalek and their ENPPI rivals. According to press reports, riots police fired tear gas to disperse the crowd, but this has prompted only a huge stampede that left at […]
The Egyptian government has accused banned Muslim Brotherhood of tarnishing the image of President Sisi after an audio of almost 6minutes was aired on Mekameleen channel in Turkey. The audio had two voices of which one is alleged to be that of Sisi. The recorded voices were talking about how to obtain money from the […]
The Swiss hotel group Belhotel International plans to set up in Morocco, Egypt, and Tunisia in 2015 as part of an expansion plan in the Middle East & North Africa (MENA), said the group leader. “We want to enter into new markets, including Turkey, Egypt, Tunisia and Morocco in 2015”, said the head of the […]
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
Celebrations of the Fourth anniversary of the Egyptian uprising on Sunday were marred by violence which continued till Monday and has left dozens of people dead. Most of the confrontations are believed to be between supporters of the banned Muslim Brotherhood and the security forces. Cairo has however alleged that statements from foreign governments and […]
After a telephone conversation between the Foreign Ministers of Algeria and Egypt, the Foreign Affairs Ministry in Algiers has stated that both countries have reaffirmed the need to complete the process of Western Sahara issue settlement in conformity with the UN Assembly General and the Security Council. Morocco considers Western Sahara to be part of […]