First Independent Mena Newspaper
In an effort to formally tender his bid for next month’s presidential election, Egypt’s former military chief, Abdel Fattah El Sissi, on Monday submitted eight times the number of signatures required of any aspirant running in the May 26-27 vote. Mr El Sissi, a 59–year-old career soldier who successfully ousted President Mohammed Morsi last July, […]
There are reports that Egyptian banks have been ordered by the Central Bank to refrain from doing business with some banks in African and Arab countries amongst which are Qatar, Libya, Syria and Sudan. The central bank’s decision is aimed at reducing the scale of money laundering in compliance with the anti-money laundering laws. Several […]
The World Bank and Kuwait have boosted Egypt with funds to help Egypt in its rebuilding efforts. Kuwait attributed a billion dollar grant while the World Bank gave $300million loan for the promotion of small and medium sized enterprises. Unemployment in Egypt has been drastically reduced because people have started to venture into self-employment. The […]
Two bombs exploded Wednesday outside Cairo University, killing at least two people including a top security officer and wounding five other security forces, the Egyptian interior ministry said. There was no immediate claim of responsibility for the attack but the Islamist militants are suspected to be behind the two bombs that were planted among trees […]
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 […]