First Independent Mena Newspaper
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 […]
Singapore’s Changi Airports International inked Thursday August 17 in Singapore two deals with Cairo Airport Company to jointly develop Cairo International Airport, “Ahram Online” reports, citing the North African country’s Civil Aviation Ministry. The first deal, a consultancy agreement, is passenger-focused and seeks to implement impactful solutions to improve the passenger experience at Cairo International […]
A BRICS currency replacing U.S dollar is a ‘ridiculous’ idea, says the top economist who named the group — especially in light of the fact that China and India are not able to even agree on BRICS membership expansion that will shape the organization’s future. The BRICS group has revealed its internal divisions, with India […]
Both Egypt and China’s ministers of Agriculture signed Wednesday August 16 to collaborate on developing drought and salt-tolerant crops to overcome water scarcity and salinity in Egypt as the country confronts the major impacts of climate change, “Ahram Online” reports. Egypt’s El-Sayed El-Quseir and his Chinese counterpart Tang Renjian signed the agreement which the Egyptian […]
The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract more holidaymakers. The Egyptian General Authority for Tourism (EGAT) will run two-minute commercials on big electronic screens in various stadiums hosting EPL games, “Ahram Online” reports. The EGAT plans to […]
Fawry, Egypt’s leading E-payment solutions provider, will turn its online payment portal “myFawry” into a digital bank in 2023, the country’s stock exchange market indicated Sunday August 13, in a statement. The future bank will provide a variety of financial services, including payments, consumer lending, savings, and investments, the online payment firm indicated. Downloads of […]
Over 460 peacekeepers from the Egyptian combat and convoy escort battalion working for United Nations Multidimensional Integrated Stabilization Mission in Mali (MINUSMA) have pulled out of the country as the mission is preparing to complete exit by December 2023. The UN mission said the Egyptian troops “have conducted over a year convoy escorts from Gao […]