First Independent Mena Newspaper
The attack of last February 16 near the resort of Taba, claimed by Sinai-based Ansar Bayt al-Maqdis group, has heavily impacted Egyptian tourism as many Western countries have warned their citizens to avoid visiting Egyptian tourism sites, including in the Sinai and Taba. Meanwhile, Club Med has closed at least until the end of March […]
The Egyptian interim government led by Mr.Hazem El-Beblawi has announced Monday its resignation amid growing criticism over its poor performance and failure to deal with social and economic woes. It is the 6th government since the fall of Hosni Mubarak regime. Prime Minister El-Beblawy was appointed following the removal of elected Islamist president Mohamed Morsi […]
Egyptian officials have renewed their efforts to draw back investors, especially in the energy sector, at an investment conference by paying the debts owed to foreign oil companies. Prime Minister Hazem el-Beblawi said that $1,5billion of the $6billion debt has been approved. The Egyptian economy is suffering from the political crisis which has driven away […]
Egypt’s interim Prime Minister Hazem el-Beblawi put off the date for the constitution referendum to the second half of January next year, rather than next month as planned before. The delay in referendum comes just a day after public protests had been banned. The new constitution is currently being drafted and the nationwide referendum is […]
The Egyptian government wants to bring the country back on its feet and has decided to add to its priorities the payment of oil debts to foreign companies that are increasing their exploration and production in Egypt. Foreign companies are owed more than $6 billion and energy subsidies reached an estimated 120 billion Egyptian pounds […]
The Egyptian interim leader Adly Mansour, has appointed Hazem El Beblawi as Egypt’s new Prime minister, after the democratically elected president Mohammed Morsi was ousted from office by the country’s army leaders. Presidential spokesman Ahmed El Moslamany announced in a statement that Mohamed El-Baradei is also appointed as Vice President responsible for foreign affairs in […]