First Independent Mena Newspaper
Rolling Plus Chemical Industries will set up in Egypt’s Suez Canal Economic Zone a factory to produce tires with a total investment of above $1 billion, as part of the North African country’s automotive strategy aiming at developing the local car industry in order for the country to become a regional manufacturing hub. Rolling Plus […]
Egypt is set to launch on October 25 its national industrial strategy in cooperation with an international company, reports say. Ahmed Samir, the North African country’s Minister of Trade and Industry told “Asharq Business” that the strategy includes all industrial hubs, linking the Egyptian industry with industrial sector variables around the world. In line with […]
Egypt will in the first half of 2024 stage the country’s National Investment Forum with aim to promote the advantages and incentives of investment in Egypt, key investment opportunities in sectors and economic activities, the office of Prime Minister Mustafa Madbouly announced Monday 11 September. Madbouly according to the office chaired a meeting Sunday September […]
The Arab League Council of Foreign Ministers endorsed on Thursday September 7 Egypt’s former tourism and antiquities minister Khaled Enany as the Pan-Arab candidate for the post of Director-general of the UN Educational, Scientific, and Cultural Organization (UNESCO), Ahram Online reports. The election is set for the last quarter of 2025. The winner will head […]
Egypt Wednesday August 30 accorded South Korean tech giant Samsung a golden license to set up a mobile phone plant to produce, after the North African provided the firm another permit to manufacture tablets for educational use. The future factory, 6,000 square meters, is expected to generate 768 direct and indirect jobs and located in […]
British Petroleum (BP), an oil and gas global giant, announced Monday August 28 plans to inject $3.5 billion in Egypt for the next three years. BP’s chief executive Bernard Looney made the announcement after meeting with President Abdelfattah al-Sisi. The investments will go towards research, exploration and development, the office of the Egyptian leader announced. […]
The China Development Bank (CDB) and the African Export-Import Bank (Afreximbank) inked Monday August 28 a $400-mllion loan to be used to support the financing of small and medium-sized enterprises (SMEs) across Africa. President of CDB, Mr. Tan Jiong, and President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, signed the […]
A grouping of 40 political parties, known as The Egyptian Parties Alliance, has called on President Abdelfattah al-Sisi to seek another term in office, ahead of 2024 presidential elections. “This endorsement aims to fulfil the aspirations and ambitions of the Egyptian people and to continue the path of development and progress,” the alliance said in […]
An Egyptian judge investigating state’s legal action against 85 organizations for getting foreign funds to finance 2011 revolution dropped Tuesday August 22 charges against 75 nonprofit organizations, lifted travel ban imposed on them and unfroze their assets, the justice ministry has indicated. Investigations have concluded for 75 organizations, with orders of non-prosecution (dismissal orders) issued […]
Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]