First Independent Mena Newspaper
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 […]
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 […]