First Independent Mena Newspaper
Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]
Morocco’s efforts to combat human trafficking and migrant smuggling as well as their connection with money laundering, were highlighted at a conference in Sharm el-Sheikh, Egypt. Morocco has made significant efforts to deal with organized crime, mobilizing technological tools in searches and investigations, noted Mohamed Chabib, judge at the Public Prosecutor’s Office. He was speaking […]
The demise of Tunisia’s regional foreign policy was sealed by President Kais Saied who led his country to become a vassal state serving Algeria’s schemes in the region, on top of which supporting separatism in southern Morocco. Saied offered a state welcoming reception to leader of the self-proclaimed SADR republic Brahim Ghali, whom he invited […]
Following in the UK’s footsteps, also Germany has now signed an agreement to transfer ownership to Nigeria of the Benin Bronzes, among Africa’s most culturally significant artifacts, looted in the 19th century. The Foundation of Prussian Cultural Heritage (SPK) and Nigeria’s National Commission for Museums and Monuments (NCMM) inked the deal on Thursday (25 August) […]
The divorce rate in Egypt is on the increase as the country registered 245,777 last year, up from 22,036 cases the previous year according to data presented by the Central Agency for Public Mobilisation and Statistics (CAPMAS), Middle East Monitor (MEMO) reports. The increase in the number of divorces represents 14.7 per cent. The CAPMAS’s […]
The International Monetary Fund (IMF) is calling on Egypt to cancel all low-interest lending initiatives including loans for small- and medium-sized enterprises (SMEs) and businesses operating in the tourism and mortgage sectors, three government sources who asked not be named told Al-Sharq business. The Washington-based institution told the central bank to cancel all low-interest initiatives, […]
King Mohammed VI on Saturday delivered a speech to the Nation on the occasion of the 69th anniversary of the Revolution of the King and the People. Here follows the full text of the royal speech: “Praise be to God, May peace and blessings be upon the Prophet, His Kith and Kin Dear Citizens, Today, […]
Egypt’s President Abdelfattah al-Sisi has named Hassan Abdallah as acting governor of the central bank of the country after the former chief resigned Wednesday. Abdallah until the appointment Thursday was Chairman of the Board of Members of the United Media Services Group (UMS). The 62-year old man replaces Tarek Amer who resigned Wednesday but was […]
President Abdelfattah al-Sisi has named Tarek Amer as presidential adviser after the latter resigned from his job that he was supposed to hold for another year. Local media Gate Ahram has revealed that al-Sisi accepted his resignation as Governor of the central bank and appointed him as close aide. Amer submitted his resignation to the […]
Egypt’s central bank governor, Tareq Amer, resigned on Wednesday amid the country’s ongoing economic crisis and the Egyptian President accepted his resignation, according to several press reports. Amer had been at the helm of the central bank since 2015, and was due to hold the position for another year. The resignation comes amidst a severe […]