First Independent Mena Newspaper
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 […]
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
After abandoning Syrian refugees on the Moroccan borders in harsh conditions, Algeria proceeded to impose a ban on foreign journalists who have criticized this inhumane act at a moment it continues to lag behind, taking the 134th place in the freedom of the press index, issued by Reporters without Borders. Moroccans come on top of […]
The Head of UN Human Right Commission has lambasted President al-Sisi’s strategy against terrorism as he argued that crackdown on human rights groups and activists fuels the surge in radicalization. Zeid Ra’ad al-Hussein speaking in Geneva Monday noted that even though Egypt deserves to stamp out terrorism, the limitation on human rights rolls out a […]