First Independent Mena Newspaper
Mauritania has joined its voice to the Arab nations that cut off diplomatic ties with Qatar, which they accuse of supporting terrorism and sidelining with Iran. “The state of Qatar has linked its policies … in support of terrorist organizations and the propagation of extremist ideas,” the Mauritanian news agency said relaying a statement of […]
Morocco said that it is following the developments in the rift between Qatar and six Arab countries -Saudi Arabia, Egypt, Bahrain, the United Arab Emirates, Libya, and Yemen— which severed their relations with Qatar on Monday over its alleged support of terrorism. “Morocco is closely following the unfolding of events in the Gulf countries and […]
The US embassy in Cairo Monday instructed its staff to avoid religious sites outside Cairo as attacks against Coptic Christians multiply. The embassy said on its website that risk for possible additional attacks is still high. “Terrorists have attacked targets associated with the Christian community in Egypt. Incidents have occurred in both urban and isolated […]
Qatar airways has announced it is canceling all its flights to the United Arab Emirates (UAE), Bahrain and Egypt as of Tuesday after these countries along with Saudi Arabia banned Qatari aircrafts from using their air spaces. The airline has been caught in the diplomatic row between Qatar and its neighbors, which accuse the gas-rich […]
Egyptian and Russian Foreign affairs ministers on Monday discussed bilateral and regional issues in Cairo including the resumption of flights between Russia and the North African nation. Moscow suspended passenger flights to Egypt, in the wake of the crash of a Russian jet in Egypt in November 2015. A group affiliated with Islamic State has […]
The EBRD has lent €186 million the Fayoum Water and Wastewater Company to enable improve living conditions of the local three million inhabitants through the development and expansion of wastewater services. The EBRD financing will be complemented by a loan of €172 million provided by the European Investment Bank, while the EU Neighborhood Investment Facility […]
Egyptian fighter jets have stricken bases of the Islamic State (Daesh) in eastern Libya after the latter claimed the attack south of Cairo on a bus carrying Copts that left 29 dead. The Copts had been travelling to the monastery of St Samuel the Confessor, 85 miles south of Cairo, when their small convoy was […]
The European Bank for Reconstruction & Development has provided an Egyptian petrochemicals producer Carbon Holdings a $ 11 million loan to help this company reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the funds will be used to improve standards beyond the […]
Morocco reinforced its attractiveness for FDIs on the African continent thanks notably to its political stability and economic reforms, said the London-based multinational professional services firm, Ernst and Young (EY). According to EY’s latest Africa Attractiveness Index (AAI), Morocco was ranked the most luring for foreign investors, followed by Kenya, South Africa, Ghana and Tanzania. […]
Morocco’s Attijariwafa Bank obtained on May 3 the regulatory approval to acquire the Egyptian branch of Barclays which has shifted towards focusing its activity on the US and Britain. Attijariwafa Bank has finally obtained all regulatory requirements to acquire 100% of Barclays Egypt capital after an agreement was signed by the two banks in October […]