First Independent Mena Newspaper
Russian President Vladimir Putin said he supported Egypt’s Field Marshall Abdul Fattah al-Sisi in his bid for presidency. Mr Sisi visited Moscow in order to discuss an arms deal while Mr Putin used the occasion to mention that he was “aware” of Sisi’s presidency bid. Cairo has not delivered an official statement on the issue. […]
Three years down the road from the wave of Arab Spring revolutions that affected the Middle East and North Africa region, MENA economies remain depressed. Egypt’s gross domestic product contracted by about 3 percent in the second quarter of 2013 while the growth rate amounted to only 2 percent last year, when compared to 2.3 […]
On a two-day visit to Moscow, Egyptian army chief Field Marshal Abdel Fattah al-Sisi was on Wednesday accompanied by Foreign Minister Nabil Fahmy to seal a lucrative arms deal and discuss areas of cooperation “in multiple fields”. The US$2 billion arms deal will mainly be funded by Saudi Arabia and the UAE. The expected Russian […]
The European Bank for Reconstruction and Development (EBRD) has placed a great deal of interest in the Egyptian private sector and with a total budget of €688m dedicated to investments in 30 projects in Egypt and other regional countries such as Morocco, Tunisia and Jordan. With nine projects over the past 18months, the bank has […]
France on Monday made an announcement refusing Niger’s appeal, last week, for western military action against Islamist fighters who have established bases in Southern Libya since the 2011 overthrow of Colonel Muammar Gaddafi. Niger’s call for help is a desperate one as Islamist attacks and kidnappings on its mineral-rich soil have posed a threat to […]
Kuwaiti newspaper has reported citing well-informed sources close to Egypt’s military that the country’s chief of army, General al-Sisi, “has no choice but to meet demands of Egyptian people” and contest for the office of President. Egypt claims that General had been misquoted saying that he would announce such an important decision only to Egyptians […]
Reports by Kuwaiti Daily claiming that Egypt’s Field Marshal Abdel-Fattah El-Sisi is going to run for presidency were denied by the military’s spokesman Colonel Ahmed Mohammed Ali. He referred to the report as the Kuwaiti Daily’s own “interpretation”. The original statement of El-Sisi was posted on his official Facebook page. Expected to run for president, […]
Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]
A presidential bid by the Egypts’s army chief Abdel Fattah al-Sisi has been endorsed by the country’s military body earlier this week. The announcement came just hours after Sisi was promoted to field marshal. Sisi who has not yet officially announced his intentions enjoys wide popularity throughout the North African country where he is largely […]
Egypt’s interim government has announced that the presidential vote will be held earlier, before parliamentary poll, than as originally foretold by the militia-backed authorities. This decision is allegedly designed to encourage further speculations over whether army chief General Abdel Fattah al-Sisi will stand for presidency. The general is being supported by many groups after he […]