First Independent Mena Newspaper
Stock markets in Egypt suffered another major loss with fingers pointing at different reasons after a successful 3month recording of gains. The main index slide by 3,5% but the Egyptian pound rose against the US dollar. Investors are skeptical about Egypt’s future especially with the fast approaching May presidential elections coupled with the continuous violence […]
British Prime Minister, David Cameron, has ordered Whitehall officials, drawing on assessments by MI5 and MI6, to conduct a review into party’s alleged links to extremism in light of the mounting speculations that the group could be banned in the United Kingdom. A Downing Street source confirmed that the investigation would examine claims that the […]
Egypt is divided over the candidacy of the retired Marshall Abdel-Fattah El-Sisi after he announced his intentions of becoming the country’s next president. There have been speculations over his candidacy since ousting Mohammed Morsi. Although El-Sisi is expected to win the elections, he could be facing strong opposition during the elections. Liberal parties are not […]
Egypt’s Transport Minister, Ibrahim al-Demeiry, said yesterday (March 25) that the ministry had started three new projects worth LE20 billion aimed at improving the country’s infrastructure and boosting its economic development. One of the projects is the tender for the third phase of the Ataba-Imbaba-Cairo University subway line, which is to be offered today (Wednesday, […]
Interim Egyptian president Adly Mansour has invited other member countries of the Arab League to implement the Arab counter terrorism treaty. The remarks were not directed at country but are believed to be provoked by Qatar’s decision to support the Muslim Brotherhood. Egypt wants a meeting between justice and interior ministers to take place in […]
Egypt has signed a military cooperation with Africa’s youngest state, South Sudan. The deal comes at a moment when both countries are experiencing violence from groups challenging the government’s authority. The conclusion of the deal could raise eyebrows in Khartoum which also agreed a bilateral military cooperation in Cairo. Sudan and South Sudan still have […]
In an unprecedented move by Egypt’s judiciary, 529 people have been sentenced to death in the south of the country. After only two court sessions, a judge in the southern Egyptian city of Minya issued the verdict and harsh sentences. The convicted who are reportedly supporters of deposed President Mohamed Morsi, were accused of involvement […]
“The reserves will continue going up.” These are the words of the Governor Hisham Ramez to assure investors and restore confidence in Egypt’s economy. The country’s reserve has fallen by more than 50% since the departure of President Hosni Mubarak. Gulf States have pumped in billions to salvage the economy after the ousting of President […]
After Abdelmalek Sellal’s resignation as the Prime Minister at the beginning of the month to head the campaign of President Bouteflika, hints have begun to emerge over the possible reforms to be undertaken if the latter stays in power. Constitutional and administrative reforms are high on the agenda while efforts to attract investment will be […]
Egypt’s Tourism Minister, Hisham Zaazou, has decided not to be pulled back by the sporadic violence and bombings to promote and develop what was once a renowned industry and an important sector of the economy; Tourism. He is targeting tourists from around the globe to revive the vibrancy of the sector. Almost 2,5million Russians visited […]