First Independent Mena Newspaper
Egypt and India signed several memoranda of understanding covering the areas of ICT, cybersecurity, youths and sports, broadcast, and culture. The MoUs were signed on the sidelines of President El-Sisi’s three-day visit to India to participate for the first time ever in the South Asian country’s 74th Republic Day celebrations, Egypt’s Presidential office indicated Wednesday. […]
Egypt and Nigeria have signed a memorandum of understating (MoU) to enhance bilateral cooperation in the field of electricity and renewable energy, a statement from the Egyptian Ministry of Electricity and Renewable Energy said Tuesday. Per the agreement, the two countries will support joint cooperation in a number of areas including: technical support for the […]
Egypt will put Financial Year 2023-2024 budget draft to a community dialogue expected to be convened within the next few weeks in view of enhancing community participation in determining public spending priorities, Finance Minister Mohamed Maait announced Monday. “A community dialogue on the new budget will be launched in the next few weeks, in order […]
Egypt signed Sunday a $1.5 billion Annual Work Program with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank (IsDB) Group, to provide integrated financing solutions to the Arab country. Under the agreement, ITFC will deliver Egypt $1.5 billion integrated financing solutions, meant to enhance the country’s capacity to […]
Egypt’s General Authority for Supply Commodities will launch its first-ever corn tender on January 19th, a statement by the Ministry of Supply and Internal Trade said. The tender according to the ministry aims at providing fodder for the kids of poultry jam. The authority announced practice No. (1) for the year 2022/2023 for the supply […]
The Sovereign Fund of Egypt (TSFE) and Etisalat Egypt have launched Erada Microfinance to provide access to a wide range of financial services to micro and small enterprises (MSEs). Erada uses financial technology (FinTech) and provides access to a diversified set of innovative financial products for MSEs to expand their businesses, Mubasher.info reports. The partnership, […]
Italian energy group Eni has discovered a major natural gas at Narges-1 exploration well in the Narges Offshore Area Concession in the Eastern Mediterranean, offshore Egypt, the company announced Sunday in a press release. The multinational firm said it discovered 200 net feet (61 meters) of milocene and oligosin gas-bearing sandstones in the Nargis-1 well […]
MA’ADEN, a Saudi state-owned mining company headquartered in Riyadh, is planning to invest in the Egyptian mining sector, as part of strategies by the Gulf’s largest miner to invest in mining assets around world. The announcement was made by Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business in an interview. Representative […]
South Korean airlines operated last Friday two charter flights to Cairo International Airport following several years of suspension. The first flight, operated by Asiana Airlines, came from Seoul with 295 passengers onboard, while the second flight was operated by Korean Air, Egypt Today reported. In November, South Korea’s Ambassador to Egypt Hong Jin Wook affirmed […]
US plane maker Boeing will manufacture 12 CH-47F Chinooks for Egypt as the Arab country moves to modernize its military helicopter fleet. The US Army has awarded Boeing a $426 million contract for the aircraft. The contract comes more than seven months after the US State Department approved the foreign military sale on May 26 […]