First Independent Mena Newspaper
Morocco, the world’s largest producer of phosphate, and Argentina, an agricultural power, would benefit from increasing trade. Foreign investors are gnashing their teeth as Argentina defaulted on its sovereign debt for the eighth time in its history – but not all of them. Whilst Buenos Aires’ financial problems threaten to worsen regional trade, it is […]
President Al Sisi has announced that a “giant project” will be launched at a tune of $4billion for the construction of a canal parallel to the Suez Canal. The project is expected to increase trade and also double the country’s earnings by more than 100%. The Suez Canal is an important sea route but militants […]
Despite the ongoing violence in Libya, the Council of Representatives has met for its first session in Tobruk due to the raging battles in Benghazi. Abu Bakr Baira, the lawmaker who presided over the session, said they have to “prove to the world that Libya is not a failed country” although internal differences have already […]
Discussions between President Abdel Fattah Al-Sisi and his Minister of Supply and Internal Trade Khaled Hanafy during the weekend centered to plans that will ease the international wheat dependency burden of Egypt. Reports stated that the projects that were earmarked during their closed door meeting are three “major” internal investment plans. The plans are complimentary […]
President Abdel-Fattah El-Sisi used his speech marking the 23 July 1952 revolution anniversary to address state issues amongst which was also the much criticized snubbed ceasefire by Hamas. The 23 July 1952 revolution anniversary marks the end of monarchy in Egypt and paved way for a presidential system of government. The 1952 revolution was led […]
The influx of tourists to Egypt has been declining since 2011 but the country continues to register a significant increase of visitors coming from the United Arab Emirates (UAE). The Red sea resorts of Sharm El Sheikh and Hurghada are the most preferable destinations. Egyptian authorities have been doubling their efforts to attract visitors but […]
Three days after tensions between Israel and Palestinian continue, Egypt has called for an end to the attacks from both sides. Cairo has played a very important role in the conflict between the two countries but it seems as if the new government doesn’t have any intention of continuing in this vein. Cairo is not […]
Morocco’s Foreign Affairs and Cooperation Minister, Salaheddine Mezouar, was in Cairo during the weekend to deliver a letter from the King to President Al-Sisi. He also met his Egyptian homologue, Sameh Shoukry, to discuss bilateral relations and regional issues. When Al-Sisi was elected as president, Morocco’s King Mohammed described him as someone possessing the qualities […]
One of the first economic reforms under President Al-Sisi has been announced. Henceforth, a 10% tax will be levied on capital gains and stock dividends but the percentage could be lowered to 5% in some cases. The taxes are expected to generate between 3,5 and 4,5million Egyptian pounds. The new law was approved by the […]
Members of the Tunisian parliament have finally agreed on the days to be set aside for the parliamentary and presidential elections. The country’s transition towards democracy after the departure of President Ben Ali has been challenging. A caretaker government has been overseeing the process after the Ennahda led coalition government was forced to step down. […]