First Independent Mena Newspaper
Egypt’s incumbent President Fattah al Sisi was declared Monday December 18 winner of “2024 presidential elections” with more than 89 per cent of votes, extending therefore his grip on power until 2030. Head of Egypt’s National Elections Authority (NEA), Hazem Badawy, at a press conference said al Sisi garnered 89.6 of total votes. Al Sisi […]
Egypt’s Ministry of Health and Population is targeting an annual revenue of $11.5 billion, or 10% of the global medical tourism revenues, the ministry’s spokesman Hossam Abdel Ghaffar has revealed. Ghaffar also disclosed to Al Arabiya that the North African country intends to launch an electronic platform to provide tourism services within 3 months. The […]
Egypt’s General Authority for Investments and Free Zones (GAFI) has been elected as regional director of The World Association of Investment Promotion Agencies (WAIPA) in the Middle East-North Africa region, at the 27th World Investment Conference (WIC) of the leading global body representing government agencies in charge of attracting inward investment, held in New Delhi. […]
Egypt’s Premier Mostafa Madbouly prolonged Monday until March 30, 2024, the ban on onion exports in place since October as part of efforts to control soaring prices of the commodity. Madbouly announced the decision during a meeting with relevant ministers as they tried to monitor the sufficient availability and affordability of various commodities in markets […]
Morocco and Egypt have signed a memorandum of understanding (MoU) providing for an enhanced cooperation in the field of sustainable management of water resources. The MoU was initialed in Dubai on Monday, on the sidelines of COP28, by the Moroccan and Egyptian Ministers of Water, Nizar Baraka and Hani Sweilem. The agreement aims to strengthen […]
Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]
Egypt’s leading developer Palm Hills has entered into an agreement with Marriott International to build a luxury hotel under the name of Ritz-Carlton Palm Hills in West Cairo with investments of $130 million, the office of Prime Minister Mustafa Madbouli has announced. The agreement was signed Monday December 4 by Mr. Yasin Mansour, Chairman of […]
Egyptian Space Agency (EgSA) launched Monday December 4 from China, EgyptSat-2, the country’s domestically-made satellite, to serve the North African country’s sustainable development goals by utilizing space technology to enhance vital areas, including agriculture and exploration of mineral resources. “This accomplishment is part of the agreement for technical and economic cooperation between the two sides,” […]
Morocco is among the three Arab countries selected for the Blue Mediterranean Partnership which aims to support transition to a sustainable blue economy in the southern Mediterranean region. The announcement has been made by the donors and partners of the initiative at COP-28 currently held in UAE. Besides, the North African Kingdom, Egypt and Jordan […]
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]