First Independent Mena Newspaper
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 […]
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 […]