First Independent Mena Newspaper
A day after declaring the Muslim Brotherhood a terrorist group, Egypt has embarked on the arrest and detention of supporters belonging or supporting the group on the basis of suspicion of being linked to a terrorist organization. Security in the capital has been increased after a second bomb attack in this week. General Al-Sisi said […]
The spokesman of the 21 political parties engaged in talks, Mohamed Mahfoudh, has announced that the 14th of January 2014 will be the deadline for the adoption of a new constitution. Tunisia has been meddled in political crisis since the departure of Ben Ali. Elections returned the country to relative calm but tensions reached new […]
Libya and Egypt have been hit with unprecedented deadly attacks over the last three days. First, seven people were killed at a security checkpoint near Benghazi in the first known suicide bomb attack in Libya since the fall of Colonel Gaddafi. Then on Tuesday (24 December) a car bomb attack at a security building in […]
The ruling UPR party has emerged victorious in the second round of the legislative elections after winning more than 50% of the parliamentary seats. The elections have been criticized in several quarters and some opposition political parties preferred to boycott it. Tawassoul, a party participating for the first time, won majority of the seats among […]
The military backed interim government will be embarking on its second economic stimulus package with an amount of 30 billion Egyptian pounds after allocating 29,6 billion in the first operation. Finance Minister Ahmed Galal said the package will be financed by state funds and aid received from the Gulf States. Egypt’s economy has been on […]
Speculations about General Abdulfattah al-Sisi have reached new levels after the posting of a record on YouTube. In the video, the General affirmed that the eventuality of him ruling Egypt has been revealed to him that “he will be president”. It has generated mixed feelings as the country draws nearer to elections without any forthcoming […]
The Organization for the Prohibition of Chemical Weapons (OPCW) has called on Egypt and Israel to emulate Syria and join the convention banning chemical weapons. Both countries are believed to be in possession of chemical weapons and the head of OPCW Ahmet Uzumcu thinks that it is time for them to “reconsider” their decision. The […]
The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report marks the third consecutive time that the reserves have been depleting. Analysts have claimed that the trend will continue till the end of the year. The country’s reserves dropped from $18,6 billion […]
Egyptian officials have renewed their efforts to draw back investors, especially in the energy sector, at an investment conference by paying the debts owed to foreign oil companies. Prime Minister Hazem el-Beblawi said that $1,5billion of the $6billion debt has been approved. The Egyptian economy is suffering from the political crisis which has driven away […]
Cairo is hoping to raise the share of its gas during a new wave of exploration in the Mediterranean following some major Israeli oil discoveries in the region. Israel confirmed on November 26 that it had discovered some visible signs of natural gas in the Mediterranean, which are in fact very close to drilling sites […]