First Independent Mena Newspaper
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
It is common today to associate Salafism with radicalism, nihilist violence and failed states. In fact, Salafism is a heterogeneous religious and political tendency. Salafis agree on the glorification of the early Muslim community, its religious texts, its supposed unity, its energy and moral conduct. However, they differ considerably on the way to revive this […]
One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]
New Geopolitical Realities The escalating violence in the Gaza Strip and southern Israel, in which scores of Palestinians and Israelis have so far been killed, is being played out against a fast changing geopolitical setting. The current Israel-Gaza clash is the largest since Israel’s war in Gaza in 2008-2009, when Hamas was a political pariah […]
Reports from Algeria claim that Egypt has received in the last few days a 53,000 tons shipment of gas from Algeria in a move to ease its energy demands. The shipment is part of a negotiated deal brokered between the Egyptian government and the Algerian petroleum company SONATRACH for the increment of butane gas imports […]
Egypt has recalled its newly appointed ambassador to Israel, Atef Mohamed Salem, after the commander of Hamas military wing, Ahmed Al-Jaabari. was killed in an Israeli raid on Gaza strip. The announcement was made Wednesday evening by a presidential spokesman in a televised statement. The spokesman said that President Mohamed Morsi has also summoned the […]
The European Union has agreed to extend Egypt nearly €5 billion economic and political assistance to help the country cope with the transition phase it is going through. The decision was made on Wednesday during the EU-Egypt Task Force, the largest-ever meeting between the European Union and Egypt. The economic and political assistance package will […]
By 18 October 2012, a report that Salafis destroyed an 8,000-year-old petroglyph in Yakour Plain not far from Marrakesh quickly spread on Facebook and Twitter. The rock-drawing depicting the animistic divinity of the sun is one of thousands of stone carvings in the High Atlas and Anti-Atlas Mountains. Print and online newspapers repeated these rumors, […]
The 35th edition of the Cairo International Film Festival to kick off on November 27 will celebrate African cinema with special focus on the black continent. Nine movies from Kenya, Nigeria, Uganda, Rwanda, Chad and South Africa depicting the realities of African society will be screened during the festival to run till December 6. The […]
In order to encourage parents to put their children in school as early as possible, the World Food Program (WFP) has signed for a second time a partnership agreement with Vodafone Egypt. Wanting more Egyptians to benefit from the program, Vodafone has given $USD 1 million. This sum is planned to nourish 75 000 people, […]