First Independent Mena Newspaper
Rights groups have alerted French President Emmanuel Macron over hosting Egyptian President Fattah al-Sisi who has rolled back human rights in the North African country since he seized power in 2013. President al-Sisi is paying as of this Tuesday (October 24) a two-day visit to France, with discussions to touch on bilateral cooperation, including arms […]
Washington, which already froze military assistance package to Egypt over its intriguing relations with Pyongyang, has reiterated its demand to Cairo to curtail all ties with its historical North Korean ally. London-based The New Arab revealed that diplomatic sources familiar with ties between Egypt and the US pointed out that Washington requested that Cairo closes […]
Washington in August froze $300 million military aid to Cairo after US intelligence intercepted a shipment of 30,000 grenades from North Korea to Egypt under an apparent secret deal violating international sanctions against the rogue state, reports suggest. The Trump administration unexpectedly put halt to the money citing the North African country’s poor human right […]
Leading Moroccan bank, Attijariwafa Bank, is expecting its newly acquired Egyptian unit to be its major growth driver in coming years and is planning to expand its operations by adding new branches and hiring staff. The bank anticipates that the Egyptian operation will contribute 12% to 14% of its net income in 2018, with revenue […]
Egypt plans to issue a new $1.8 billion bond by the end of November and a new $10 billion Eurobond program next year, Finance Minister Amr El Garhy said on Monday. According to the official, the finance ministry would determine the currency of its next Eurobond issuance within two weeks. “The issue will be in […]
Egyptian Defense minister on a visit to South Korea has told host officials that the North African country has severed military ties with North Korea, meeting therefore a demand by the United States as condition to unfreeze military aid. The announcement was confirmed to the public by the South Korean news agency Yonhap, which cited […]
The US Administration has set six conditions to be met by Cairo before it unfreezes the military aid it cut last week, London-based The New Arab reports. Washington decided last week to delay $195m in military aid to Cairo because of concerns over Egypt’s human rights record, the ratification in May by President al-Sisi of […]
The Egyptian interior ministry announced it clamped down on a private hospital and arrested 12 people including medial staff involved in human organ trafficking, in Giza province, part of greater Cairo. The detained include three doctors, four nurses, three hospital workers and two agents. The ministry said the arrestees who form a network, “agreed with […]
The US State Department denied Egypt $96 million in aid and delayed $195 million in military funding because of concerns over Egypt’s human rights record and its cozy relationship with North Korea. Sources from the State Department confirm that Secretary of State Rex Tillerson authorized the $195 million to be held in reserve until Egypt […]
The European Bank for Reconstruction and Development (EBRD) and Proparco have contributed $58 million each for the construction and operation of two 50 MW solar photovoltaic power plants in Egypt. These plants are the first two projects to be financed under Egypt’s ambitious feed-in tariff scheme for renewable and will be part of the planned […]