First Independent Mena Newspaper
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
Egypt is seeking another financial support from the International Islamic Trade Finance Corporation (ITFC) to back micro-, small-, and medium-sized enterprises (MSMEs) after the country secured last month $2.6 billion to fund developmental projects. The Ministry of Planning and Economic Development Monday indicated that the signing will take place this month, Arab Finance reports. The […]
Russian private military company Wagner has flown out of Libya 300 Syrian fighters back to the Middle East country, Libya Observer reports citing Syrian As-Suwayda 24 News Network. The fighters reportedly left Thursday through Benghazi airport in eastern Libya to the Hmeimim Air Base in Syria. The fighters made up the 42nd Brigade and were […]
Morocco has been eliminated in the quarter-finals of the African Cup of Nations soccer tournament, after losing to Egypt by a score of 2 goals to 1 after extra time, on Sunday at the Ahmadou Ahidjo stadium in Yaounde. The Atlas Lions opened the score in the 7th minute thanks to Sofiane Boufal on a […]
At first it was described as a working visit, but when Algeria’s President Abdelmedjid Tebboune landed in Cairo to meet his counterpart General Sisi, the trip was described as a private and friendship visit, from which he actually returned empty handed. Algerian commentators said the visit was without an invitation and was at the request […]
After suffering a diplomatic humiliation with the cancelation of the Arab summit that was planned in March in Algiers, Pdt. Abdelmajid Tebboune flew on Tuesday to Cairo seeking Egypt’s leverage to shore up Arab support for the summit venue. The hubris of Algerian military junta, de facto rulers, has been shaken to the core by […]
Morocco has resolved a trade dispute with Egypt that was sparked in March last year after Cairo denied entry to vehicles made in the Tangier factory. Egyptian authorities have denied entry to some 300 cars made in the Renault factory in Tangier, claiming these were not included under the free trade deal because they were […]
The anti-terrorism department of the Tunisian ministry of Justice has launched a probe against three members of Islamist party Ennahdah, including the Speaker of the suspended parliament Rached Ghannouchi, all of them suspected for financing terrorism activities in Egypt, Tunisie Numerique reports. The investigations against Ghannouchi and the two other former members of parliaments namely […]
Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey. Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, […]
Egypt is expected to receive, this year, the permission to build two nuclear plants for electricity generation. Amjad Al-Wakeel, Chairman of Egypt’s Nuclear Power Plant Authority (NPPA), told Zawya the projects already in phases will be implemented in the second half of 2022. NPPA is coordinating with the contractor Rosatom of Russia to obtain […]