First Independent Mena Newspaper
Central Bank of Somalia (CBS) has recently granted its first two foreign banking licenses — to Turkey’s Ziraat Katılım bank and Egypt’s Banque Misr — in decades as the country seeks to rebuild its financial sector and attract international investment. Both state-owned financial institutions were approved by Somalia’s central bank at the start of July. […]
Following a visit to Egypt and the Republic of Congo, Russian Foreign Minister Sergey Lavrov has now (26 July) arrived in Uganda as Moscow aims at strengthening its ties with the continent. Uganda’s President Yoweri Museveni has a long history of balancing strong relations with Western allies and good ties with Moscow. Lavrov has earlier […]
Bahrain has officially joined the integrated industrial partnership alongside Egypt, UAE, and Jordan, Egypt’s Ministry of Trade and Industry said in a statement on Thursday. The announcement came during the second higher Committee meeting of the integrated industrial partnership, in the Egyptian capital Cairo. Egyptian Minister of Trade and Industry Nevine Gamea who chaired the […]
Russia’s Foreign Minister Sergey Lavrov Sunday said Russian grain exporters are committed to their obligations regarding international wheat orders. Russia’s top diplomat was in Cairo Sunday to meet with Egyptian authorities and the Arab League. Lavrov during a joint press conference with his Egyptian counterpart Sameh Shoukry said that his country took many steps to […]
Egypt and Russian energy company Rosatom have announced the beginning of construction work of the North African country’s first nuclear plant. The plant is being built at El-Dabaa on the country’s north coast and is expected to have four units, each with a generating capacity of 1,200MW. The project has been in the pipeline since […]
Egypt and Serbia inked a group of agreements and Memorandum of Understanding as President Abdelfattah al-Sisi visited the European country Wednesday. Al Sisi met with Aleksandar Vucic in capital Belgrade following a visit to Germany the day before. Both leaders oversaw the signing of several accords. One agreement in the field of higher education was […]
The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience, Abidjan-based bank said in a statement. The program […]
The European Investment Bank (EIB) and Banque Misr have signed two technical assistance agreements to support small- and medium-sized enterprises (SMEs), Arab Finance reports citing emailed press release on July 6th. The first program will bolster Banque Misr’s credit risk management and help it adopt SME financing best practices. The second according to the statement […]
Morocco took part Monday in Manama in the first meeting of the Negev Forum Steering Committee which brought together senior Foreign Affairs officials from United States, Israel, Bahrain, Egypt and United Arab Emirates. The gathering, which focused on regional security, energy, water and food, comes ahead of the first visit planned by U.S. President Joe […]
The Egyptian judiciary has issued a notification to Interpol to include six Muslim Brotherhood leaders on a “red notice” for smuggling funds abroad to finance terrorism, Arab News reports. The Supreme State Security Criminal Court decided to notify Interpol in order to track the leaders, arrest them and hand them over to Egyptian authorities. Wanted […]