First Independent Mena Newspaper
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]
FIFA chief Gianni Infantino said Morocco, together with Saudi Arabia and Egypt, were the only best-placed Arab nations to host the World Cup. “The three countries have excellent infrastructure. The Arab World deserves to host such a football tournament,” said Infantino in an interview with MBC TV channel. Morocco has made five bids to host […]
Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]
Egypt is planning the production of a new Egyptian jab “EgyVax” in collaboration with private sector player Eva Pharma, the Supreme Council of Universities, and the Agriculture Research Center, the ministry of Higher Education and Scientific Research said in a statement. The Supreme Council of University Hospitals, the Center for Agricultural Research, and Eva Pharma […]
As a state entertaining a rentier economy, Algeria has long sought to gain influence in Africa and the Arab region through cash handouts during the era of expensive oil. After years of diplomatic lethargy during the Bouteflika era, the recycled military regime tries the same recipe, yet money has run out. Algeria first donated 100 […]
Russia will start financing construction of the industrial zone in Egypt and is considering the use of such format in other countries, First Deputy Minister of Industry and Trade Vasily Osmakov said, Arab Finance reports citing TASS News agency. “We will start funding construction of the Russian industrial zone in Egypt from the next year. […]
Leading companies in Egypt are facing serious shortage of skills in the recruitment process, US-based online Nexford University has revealed in a report, Zawya reports. A survey conducted by the Washington institution that defines itself as a breeder of “leaders not followers”, shows that 78 percent of companies, including PWC, Pfizer and the National Bank […]
Saif al Islam Gaddafi, son of former Libyan leader Muammar Gaddafi and candidate for December 24 presidential elections in the oil-rich country, had traveled to Egypt to get the backing of President Abdelfattah al-Sisi prior to submitting his candidacy for the polls, Al-Araby Al-Jadeed reports. The Qatari media citing informed Libyan sources aware of communication […]
Egypt is mulling plans to start manufacturing the country’s first bus powered by natural gas in 2022, Minister of Business Sector, Hisham Tawfik announced, according to Arab Finance. Some 70% of the local components of the buses will be manufactured to work with natural gas, Tawfik reportedly added. The busses will accommodate 14 to 50 […]
Egypt Monday announced plans to raise exports to 10 African countries to $7 billion next year as part of a long term strategy aiming at $10 billion in value for export to Africa by 2025. The $7 billion target is the first phase of three-phase strategy designed by the Arab country. For this phase the […]