First Independent Mena Newspaper
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 […]
SDX Energy Company unveiled on Monday a new strategy focusing on its growing operations in Morocco becoming a strategic regional player in the energy transition. In its new roadmap, SDX said it has decided to divest its Egyptian assets and move away from a pure oil & gas business into an integrated, hybrid energy-provider in […]
Egypt Defense Expo (EDEX), the country’s only defense and security event that covers Africa and the Middle East is happening on December 4 and 7, for the third time since inception. The ministry of Defense of the Arab country, one of the organizers, is expecting over 35,000 visitors at the event boasted as the largest […]
Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties with the West, according to experts. According to Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, the West African country hopes to join the influential economic alliance within two years, stressing […]
Egypt and Bahrain Thursday inked 13 memorandum of understanding for bilateral cooperation and agreed on 15 initiatives, in many areas, as part of moves to boost cooperation between the two countries. The deals signing took place during the first meeting of the Egyptian-Bahraini governmental committee for trade, economic, scientific, and technological cooperation, headed by Egyptian […]
Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]
Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, a statement from the office of Prime Minister Mostafa Madbouly said, without specifying the names of the concerned companied. The statement came following a Cabinet meeting on Tuesday November […]
Libya has begun the deportation of 600 undocumented Egyptians who sneaked illegally into the oil-rich African country used as a launch-pad for crossing the Mediterranean for Europe. Mohamad Bardaa, deputy for security affairs at the Directorate of Combating Illegal Migration answering to the Tripoli-based government, told AFP that deportees had entered Libya illegally, Ahram Online […]
Abdourahmane Diaw, the African Development Bank (AfDB) country manager for Egypt, has revealed the Abidjan-based lender will provide the North African country with $350 million in financing for public and private development projects before the end of 2023. The financing will go to the private sector via credit lines to loaning companies and bank and […]