First Independent Mena Newspaper
It was an excruciating experience for observers and journalists alike. Following the coup of 3 July 2013 and the quiet consolidation of power by army chief al-Sissi, the United States had to weigh its future policy vis-à-vis Egypt carefully. But nobody quite expected the diplomatic tussle that followed – an administration unwilling to recognise a […]
Chairman Sherif Samy of the Egyptian Financial Supervisory Authority (EFSA) has stated that the financial sector will be revised before the end of the year in order to ease and fasten the transactions. Capital markets in Egypt suffered deeply from the revolution which began in 2011 forcing several foreign portfolio managers to withdraw their money […]
Egypt has denied the claims of an Israeli Minster that the shortage of gas has forced them into buying gas from Israel. Although Egypt is experiencing gas shortages, it denied contacting Israeli authorities for a possible gas deal. An unpopular 20-year gas supply deal to Israel from Egypt under the Mubarak regime was terminated by […]
Israel has shown concerns about United States announcement to suspend some of its aid to Egypt unless it is satisfied with its democratic efforts could jeopardize the long standing peace treaty. Israel and Egypt signed a peace treaty in 1979 to end hostilities against each other and the US aid has been fundamental in maintain […]
After President Obama gave warning signals to Egypt during his speech at the UN General Assembly about its “inconsistent with inclusive democracy,” he has decided to take actions. The US has reduced its military aid to the country and linked its continuity to “Egypt’s progress in pursuing a more democratic path.” Cairo has not officially […]
Some Egyptians could be readying General Al-Sisi as the country’s next president after three campaigns supporting the cause kicked off. The General on the other hand has called for “quick political transition” in the interest of stability. Political pundits and figures believe that he stands a great chance to become the head of state despite […]
Property experts have raised alarm on the intense backtracking of foreign companies due to the political crisis that the country is experiencing. Some property prices have fallen to a 4-year low because of the sudden fall in demand. According to experts, international investors are expected to follow suit by focusing more on real estates in […]
The Defense Ministry has announced that the government is working with international private security companies to address concerns over the country’s porous borders especially in the South. These foreign security companies are to be contracted by the government to secure the borders and equip the army. Most of the border patrol in Libya is done […]
Egypt’s interim government could stay longer in power than expected after members of the constitutional committee suggested that the President should retract on 8th July constitutional declaration. The committee is mandated to revise and amend the 2012 constitution but it now wants to draft a new constitution. A “public opinion” campaign will be organized to […]
Between 1,500 and 2,000 university students have taken the Cairo University campus as a venue to express their dissatisfaction with the Interim government. The academic year just got started in Egypt and demonstrations were reported to be held in several cities and universities. The students voiced their anger against political and campus freedoms that they […]