First Independent Mena Newspaper
Egypt announced Wednesday electricity price will increase by 19 per cent from next month, amid the covid-19 pandemic. The decision announced by the ministry of electricity is the seventh increase by the regime of President Fattah Al Sisi in power since 2014. The move is however in line with the ministry’s previous decision to increase […]
After sapping all prospects for a peaceful solution insisting on retaking Tripoli, Haftar adhered to an Egyptian call for truce that has been rejected by the internationally recognized government GNA as it continues its march to retake Sirte after securing the capital and much of Western Libya. Following a string of military setbacks, Haftar’s self-styled […]
The Italian government is on the verge of rubber-stamping a large arm sale to Egypt as relations between the two countries warm up. The deal, which includes frigates, Eurofighter Typhoons, and a military satellite, has been already endorsed by the Ministry of Defense, La Republica reports. Italian and Egyptian media had reported earlier this year […]
Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]
Egypt has instructed all governorates to halt all construction projects for a period of six months. Local Development Minister Mahmoud Sharawi announced Monday the cabinet decision and instructed all local governors including those of Greater Cairo and Alexandria to make sure the order is fully implemented. Sharawi also urged local officials to tour cities and […]
Egypt has blamed the UAE, its ally in Libya, after protégé rebel Gen. Khalifa Haftar lost early this week a key airbase to forces controlled by UN-backed Government of National Accord (GNA). Egyptian sources told London-based Al-Araby Al-Jadeed daily that Cairo has been “very disappointed” by the UAE’s “unilateral moves” in the Libyan crisis. Haftar […]
The Egyptian army has been instructed to beef up its presence in the west, near the border with Libya for fear that terrorist elements might attempt infiltrate into the country after forces aligned with UN-backed Government of National Accord (GNA) took control of key airbase from ally General Khalifa Haftar. Bassem Rady, spokesperson for the […]
The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
News Stream May 04,2020
Egypt’s army Sunday said it killed 126 terrorists in the restive Sinai province in multiple operations, near the border with Gaza strip. Colonel Tamer al-Refai, a military spokesman, said in a statement army forces carried out 22 raids and 16 operations in the province. The forces also destroyed 228 hideouts and eight tunnels in Gaza […]