First Independent Mena Newspaper
Tunisians have started pointing fingers at each other for the slow walk towards their expectations, 3 years after forcing Ben Ali to leave power. Some believe the failure to present a constitution for a referendum is a move engineered by Ennahda to regain its lost popularity before elections while others argue that financial issues are […]
The Egyptian defense minister, Abdel Fattah al-Sisi, warned on Sunday that the army would not hesitate to intervene if violence broke out in the country during the planned rally, and that the armed forces has the obligation to do so to stop Egypt from plunging into chaos. He also criticized those who make anti-army statements. […]
The opposition calls for the resignation of president Morsi on the June 30 and organize a rally in Cairo today. The Islamist parties have also decided to organize a rally under the banner a “million-man march to protect the revolution”. A statement released by the headquarters of the Muslim brotherhood referred to it as a […]
Orascom Telecom has announced that it will be dropping its bid to take over Wind Mobile Canada, under the Investment Canada Act, despite its strong interest in the company after discussions with Canada’s federal government. Wind Mobile Canada is among the rising companies trying to challenge the main cellphone wireless carriers in Canada. In the […]
In a move to bring Egypt’s growth back to its pre-revolution era, Investment minister Yehya Hamed declared that he was ready to negotiate with businessmen close to Mubarak who fled Egypt during and after the revolution. The goal is to bring the economy to a 7% annual growth rate, allowing the country to breathe. According […]
Qatar will be sending five shipments of liquefied to Egypt as a donation in order to help it reduce the constraints on its industrial sector. The delivery is expected between July and September. The statement which was released by Qatar’s Energy and Industry Minister Mohamed al-Sada didn’t precise the quantity. Egypt’s natural gas shortage is […]
Essam al-Haddad, the closest aide to Mohamed Morsi, has lambasted the IMF for worsening Egypt’s situation. He claimed Egypt has satisfied all the required conditions but the IMF continues to delay the deal. He said the government in a bid to finalize the $4,8 billion loan deal has recently included a phased-out subsidies plan and […]
Egypt is not ruling out military options to halt the construction of a dam on the Blue River Nile by Ethiopia. The Nile is being diverted 500 meters from its natural course for the construction of a hydroelectric plant, Grand Ethiopian Renaissance Dam, worth $4,2billion and capable of producing 6,000 megawatts at full capacity. Egypt […]
Ethiopia’s project to construct the Grand Renaissance Dam, a $4.2 billion hydroelectric project that will divert the Blue Nile from its natural course, has flared up passions downstream in Egypt. Although some experts deem that Ethiopia’s move is largely technical and will not alter the water flow that is vital for both downstream states, Egypt […]
The Governor of the Egyptian central bank, Hisham Ramez, has said that they have converted $2,5billion into 18-month notes and there are ongoing plans to convert an extra $3 billion into three-year bonds. The monies were provided by Qatar as deposits to the bank as part of its efforts to help Egypt overcome its crisis […]