First Independent Mena Newspaper
Egypt’s telecom company, Telecom Egypt has tasked Nokia International to build the country’s Internet of Things (IoT) infrastructure expected to spur improvement of businesses. The deal signed between Adel Hamed, managing director and CEO of Telecom Egypt, and Henrik Fall, head of cloud services and networks in the Middle East and Africa at Nokia, will […]
Tunisian President Kais Saied Wednesday expressed willingness to learn from Egypt’s experience in areas of security and stability, at the time Tunisians and Tunisia’s partners are wary of the waning of democracy in the North African country. Saied expressed the wish at a phone conversation with his Egyptian counterpart to congratulate him on the 48th […]
Egypt has asked Turkey to suspend the military agreement signed with Libya as part of conditions to normalize ties between the two countries. Egypt and Turkey held several high-level security and intelligence meetings to thaw ties, strained since 2013 after Ankara cut ties with Cairo in the wake of incumbent Egyptian president Fattah al-Sisi’s military […]
France’s development agency AFD will pump €100 million into the establishment and management of a wholesale market in Egypt next year. The market will be built in Borg el-Arab; industrial city in the governorate of Alexandria, Arab Finance reports, quoting Minister of Supply Ali Al-Muselhi. A joint Egyptian-French company will be set up to manage […]
Three Egyptian state-controlled banks will launch from next month a $63.5 million (EGP 1 billion) fintech fund to support start-ups in the fintech space and international outfits that want to establish in the Egyptian market, concerned banks have said in a statement. National Bank of Egypt, Banque Misr, and Banque du Caire are behind the […]
Egypt will host the 8th edition of the Ministerial Gas Forum co-organized by the International Energy Forum (IEF) and the International Gas Union (IGU) in 2022, it was announced last week. The forum on natural gas, expected to take place during the second half of 2022, will focus on the global economic recovery after the […]
Egypt Tuesday expressed its desire to host the Conference of the Parties (COP 27) of the UNFCCC, next year. In a pre-recorded speech played in the World Leaders Summit on Climate Change on the sidelines of the 76th United Nations General Assembly, President al-Sisi said if Egypt hosts the COP 27 in 2022, it would […]
Egypt and Saudi Arabia will sign soon multiple contracts for a 2 GW electricity transmission network that will connect the two countries’ grids. The project worth $1.6 billion will connect both countries’ grids with 900 kilometers of overhead transmission cables and pass across the sea bed, for 25 kilometers. Egypt will finance 40 per cent […]
Libya has signed multiple billion-dollar contracts with a number of Egyptian companies to set up power stations in the oil-rich country. Salama Al-Ghwail, Libya’s State Minister for Economic Affairs, told Egyptian media the contracts are worth between $1.5 billion and $2 billion. Al-Ghwail said Egyptian companies should win between 60 to 70% of the reconstruction […]
Israeli Prime Minister Naftali Bennett will travel “soon” to Egypt to meet with President Fattah al Sisi in the Sinai Peninsula, Israeli media reports. Bennett will sit down with al-Sisi in the Sinai resort city of Sharm el-Sheikh, ‘Times of Israeli’ reports citing Kan broadcaster. Kan did not provide details on the timeframe but […]