First Independent Mena Newspaper
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 […]
Coca-Cola Hellenic Bottling Company (HBC) is set to invest $1 billion in the Egyptian market over the coming five years, following its acquisition of Coca-Cola Bottling Company of Egypt (CCBCE) according to a statement by office of the Egyptian Prime Minister. Egypt became the 29th country around the world that HBC will be operating in, […]
French hypermarket Géant Casino will invest about $64 million (EGP 1 billion) in Egypt as part of an expansion plan, reports say. The company, a subsidiary of Groupe Casino, as part of the plans, will open 15 new supermarkets, hypermarkets, and express markets in the Arab country. The announcement came the company inaugurated its first […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
Morocco, Tunisia, Algeria and Egypt have advanced to the third and last round of qualifying for the 2022 World Cup to be held in Qatar. The four football names in the region topped their respective groups – underlining their dominion on football on the continent. Morocco earlier booked its place before the November fixtures. Algeria […]
The United States and Egypt stressed the importance of holding elections in Libya on the scheduled date, i.e. on December 24. This was stressed in a joint statement released on Tuesday evening by the State Department following the US-Egyptian strategic dialogue held on November 8 – 9, under the chairmanship of Secretary of State Antony […]
Egypt will inaugurate in the second half of 2022, the world’s largest spinning factory led by eight companies. Hisham Tawfik, Minister of the Public Enterprises Sector made the announcement during a meeting with the contracting companies to review the project progress. The project to be developed by Gama Construction Company encompasses 65 buildings and a […]
The life trajectory of Egypt’s national pride and Liverpool football star Mohamed Salah has been added to school text books in Egypt as a role model for kids and teenagers, Arab News reports. The life and professional career of the 29-year old soccer player are admired at home and abroad. Nicknamed “the happiness maker”, Salah […]