First Independent Mena Newspaper
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 […]
Pentagon has announced that the United States has once again called on the interim Egyptian government to progress with plans aimed at organizing new elections. The call was made during a telephone conversation between the US Defense Secretary Chuck Hagel and Army Chief General Abdel Fattah al-Sisi. Prior to the phone call, a petition was […]
The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign companies that are increasing their exploration and production in Egypt. Foreign companies are owed more than $6 billion and energy subsidies reached an estimated 120 billion Egyptian pounds […]
The powerful tourism industry in Egypt is nearing its doom if the imposed travel advice on European citizens by their governments is not removed. In the past few months, Egypt has been marred by violent protests when it was about to revive its lucrative and important tourism industry. Egyptian officials are claiming that the country […]
The Governor of the Egyptian Central Bank, Hesham Ramez, confirmed that Qatar has agreed on the conversion of its $2 billion that it has deposited in the Central Bank during the era of President Morsi into bonds. The transactions are expected to take less than a week according to media reports. The Qatari government had […]
Cairo could soon be occupying its seat at the African Union (AU) in October according to a member of the high level panel on Egypt. The panel is headed by former Malian President, Alpha Oumar Konare, and it visited Egypt in order to have a firsthand knowledge of the political crisis in Egypt and the […]
Saudi Arabia has reiterated its support for the military backed in government in Cairo and has promised to continue supporting it at all cost. Al-Sisi applauded the unconditional support of Saudi Arabia and its diplomatic efforts to gather support for the government. The Cairo government could be faced with financial difficulties because donors have threatened […]