First Independent Mena Newspaper
13 people died Monday after a building collapsed in the Egyptian capital Cairo, in a string building disasters. A five-storey building reportedly built without permit before 1980, when the country’s construction law was passed, collapsed after a resident recently demolished his apartment’s walls on the first floor, despite warnings not to do so. The prosecution, […]
Egypt is considering building three new Free Zones, Prime Minister Mostafa Madbouly announced Sunday to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI). The future Zones, Madbouly’s office indicated in a statement, will be Alexandria, the 10th of Ramadan, and the 6th of October cities. The office also indicated that […]
Egyptian President Abdel Fattah al-Sisi held talks on Thursday (13 July) in Cairo with Ethiopian Prime Minister Abiy Ahmed on the Grand Ethiopian Renaissance Dam (GERD) project on the Nile River and both leaders agreed on the urgent need to launch negotiations on the filling and operation of the dam within four months. The talks […]
Egypt has joined a list of international players by hosting a regional summit of leaders from Sudan’s six neighboring countries in Cairo this Thursday, July 13, focused on preventing the outbreak of a civil war and addressing the deepening humanitarian crisis in the northeastern African country. The peace talks, hosted by Egyptian president Abdel Fattah […]
Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]
Germany returned Monday to Egypt 40 ancient Egyptian statuettes after they had been stolen and illegally smuggled out of the country, “Ahram Online” reports citing an official. Shaaban Abdel-Gawad, the supervisor-general of antiquities repatriation indicated to the media artefacts consists of 40 ushabti statuettes seized by German customs at Frankfurt Airport in 2020. According to […]
More than 7 million tourists visited Egypt during the first half of the year, Tourism and Antiquities Minister Ahmed Issa said Monday. Issa made the announcement during a meeting with the Standing Committee for Licensing of Hotel and Tourism Facilities. He indicated that the figures were achieved thanks to the efforts of the private sector […]
Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]
Burundi announced Sunday the death of its ambassador to Egypt, Cheik Rachid Malachie Niragira, who according to the Foreign ministry of the eastern African country died at his residence in Cairo on Saturday. The ministry did not provide details on the causes of the death but said one staff working at the residence found Niragira […]
Egyptian President Abdelfattah al-Sisi will make his first ever visit as leader to Turkey on July 27 amid improvement of ties between the two countries, reports say. During the visit, Al-Sisi will meet with Erdogan to discuss bilateral relations as well as regional developments, the reports add. The upcoming visit is coming amid an outstanding […]