First Independent Mena Newspaper
Egypt, the Palestinian Authority (PA) and Israel have agreed to develop the Palestinian gas field off the coast of Gaza, Israeli Public Broadcaster Kan revealed Tuesday. The profits from the gas field will go back to the PA and Israel, with Egypt mediating between the parties in an effort to improve the financial situation […]
Kenzz, an Egyptian e-commerce platform bringing shopping to the mass market, has grabbed $3.5 million in seed funding to be used to grow product categories and hire talent, Tech Crunch reports. The round was led by U.S.-based and MENA-focused venture capital firm Outliers Venture Capital and investors include HOF Capital, Foundation Ventures, and Samurai Incubate. […]
Egypt Monday announced its readiness to supply Lebanon with natural gas, once the procedures related to starting exporting Egyptian gas and receiving it in Lebanese territories were completed. Tariq Mullah, Minister of Oil and Minerals of Egypt made the announcement as he received Walid Fayad, the Lebanese Minister of Energy and Water. Mullah also indicated […]
Egypt has announced a deal with the International Monetary Fund (IMF) on policies and economic and structural reforms for the country’s new economic reform program, amid talks for a new loan program. Egyptian authorities announced the success of technical meetings held between an Egyptian delegation and the director and experts of the IMF, saying the […]
Cairo-based fintech startup, Telda, has landed $20 million in seeding funding from several investors including Jack Dorsey, former Twitter Chief Executive Officer, Bloomberg reports. The seed fund will serve the expansion into new markets. Telda also plans to use the money to build its product offering. “In Egypt dealing with money is still a complicated […]
Moldova is considering establishing an embassy in Egypt over the coming period as part of efforts to strengthen ties with the Arab country, the Deputy PM and Minister of Foreign Affairs of the European country has revealed. Nico Popescu made the announcement Tuesday as he met with Egypt’s Prime Minister Mustafa Madbouli. The two officials […]
The controversial Beijing-funded African Center for Disease Control (CDC) in Addis Ababa, Ethiopia that is due to open in the next few months is just one example of China’s increasing investment in health care on the African continent since the pandemic as it builds what analysts and Beijing call a ‘Health Silk Road’. According to […]
The weak growth trajectory of Africa’s three largest economies, Egypt, Nigeria and South Africa, which together account for about 60% of Africa’s GDP, could exacerbate social unrest in the region, a report by UNCTAD, the United Nations trade body, has warned. Growth prospects in South Africa and across the continent have deteriorated, which threatens to […]
Climate representatives from more than 40 countries who gathered for a pre-COP27 climate summit in the Democratic Republic of Congo’s capital, Kinshasa, have called out rich nations for failing to honor a $100bn per year funding pledge to developing countries. Dozens of ministers and senior delegates are in Kinshasa this week for a final meeting […]
Kinshasa, the capital of the Democratic Republic of Congo (DRC), is hosting this October 3 and 4 the COP27’s preparatory meeting (PRECOP27), a platform of exchange and debate that will bring together about sixty Ministers of Environment and/or Energy as well as representatives of negotiating groups, the UNFCCC Secretariat and representatives of civil society, ahead […]