First Independent Mena Newspaper
Head of UN-backed Presidential Council (PC) Faiez Serraj has appointed finance minister to help release life-saving funds help up by Central Bank of Libya (CBL) at odd with Libyan unity government. Libya has been without financial minister since the inception of the unity government in December. Fakhr Muftah Bufernah aligned House of Representatives (HOR), initially […]
As elections draw close this year, Egypt aims at attracting foreign currency into the country after investments almost dried up following the revolution which overthrew Hosni Mubarak in 2011. This cause, aimed at easing social discontent and creating jobs, is supported by state-linked investors and Dubai retailer Majid Al Futtaim. The company is the holder […]
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 […]
The Egyptian government has set aside several development and investment projects despite the ongoing crisis as revealed by the ministers of the civil aviation and investment respectively. The Civil Aviation Minister, Samir Embaby Mewaly, has announced that the government will be pumping $20 million in a project aimed at developing the vicinity of the capital’s […]