First Independent Mena Newspaper
Egypt and Nigeria have signed a memorandum of understanding to enhance cooperation between the two countries in the fields of communication, information technology and digital economy, the Arab country announced Sunday. Per the MoU, the two parties will strategically cooperate in the areas of broadband and optical networking, the use of end-user devices, and the […]
Some 29 global companies including Amazon and Microsoft agreed Thursday with the Egyptian government to open headquarters, as authorities expect the agreement to create more than 34 thousand new job opportunities for youth. The agreements and contracts were signed with IT Industry Development Authority ETIDA. Per the accords, the contribution of the 29 companies will […]
Egypt’s New and Renewable Energy Authority (NREA) decided to cancel a project for the establishment of a 50-megawatt solar power plant in the South of Aswan worth a $50 million investment, Asharq Business reports citing three officials. Per the sources who asked not be named because not allowed to speak on the matter, the establishment […]
The official importer and distributor of BMW in Egypt, Global Auto Group, has announced plans to inject $100 million meant to develop its services and expand its footprints in the Arab country. Fahad Al-Ghanem, Chairman of the group, made the announcement to Asharq Business, Arab Business reports. Al-Ghanem also revealed that the company will resume […]
The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]
Egypt has ordered 11 Israeli pilots who landed without visa to leave its territory, for national security consideration. The pilots, who arrived in light aircraft, had received a landing permit but were denied entry and told to go back to Israel “for national security reasons,” as they did not have valid entry visas, according to […]
The Egyptian Cabinet approved on Wednesday a draft law criminalizing the circulation of false weather forecast. The draft law imposes fines ranging from EGP 100,000 ($4,000) to EGP 5 million on providing meteorological services without a license or posting false information about weather conditions through different channels, including social media, Ahram online reports. The statement […]
The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]
Warning the continent has 600-million people in energy poverty, the right of African countries to use their natural gas reserves should be reflected in any deal at the COP27 climate talks, African Development Bank (AfDB) President Akinwumi Adesina said, even as some nations push to see use of the fuel curtailed. Agreeing to a deal […]
Launched in 2019 by the African Development Bank Group (AfDB) and its partners, the Desert to Power initiative to increase solar generation capacity to provide 250 million people with electricity access across Africa’s Sahel region for socio-economic development continues to attract financial support from around the world. The Desert to Power initiative is designed to […]