First Independent Mena Newspaper
Morocco, the world’s largest producer of phosphate, and Argentina, an agricultural power, would benefit from increasing trade. Foreign investors are gnashing their teeth as Argentina defaulted on its sovereign debt for the eighth time in its history – but not all of them. Whilst Buenos Aires’ financial problems threaten to worsen regional trade, it is […]
The influx of tourists to Egypt has been declining since 2011 but the country continues to register a significant increase of visitors coming from the United Arab Emirates (UAE). The Red sea resorts of Sharm El Sheikh and Hurghada are the most preferable destinations. Egyptian authorities have been doubling their efforts to attract visitors but […]
Russia could be on the verge of signing an agreement with Egypt as reports claim that a delegation of advisers is in Cairo to meet with officials. Egypt is expected to buy 24 advanced MiG-35 fighter jets as part of its switch towards using Russian military hardware. Negotiations have reached advanced stages. The MiG-35 jets […]
Two bombs exploded Wednesday outside Cairo University, killing at least two people including a top security officer and wounding five other security forces, the Egyptian interior ministry said. There was no immediate claim of responsibility for the attack but the Islamist militants are suspected to be behind the two bombs that were planted among trees […]
British Prime Minister, David Cameron, has ordered Whitehall officials, drawing on assessments by MI5 and MI6, to conduct a review into party’s alleged links to extremism in light of the mounting speculations that the group could be banned in the United Kingdom. A Downing Street source confirmed that the investigation would examine claims that the […]
Interim Egyptian president Adly Mansour has invited other member countries of the Arab League to implement the Arab counter terrorism treaty. The remarks were not directed at country but are believed to be provoked by Qatar’s decision to support the Muslim Brotherhood. Egypt wants a meeting between justice and interior ministers to take place in […]
Economists are getting increasingly optimistic about the plan of Tunisia’s Prime Minister, Mehdi Jomaa, to tackle persistent unemployment and a tight budget. Mr Jomaa has recently visited a number of Gulf countries, accompanied by a delegation of businesspeople led by the head of the Tunisian Union of Trade, Industry, and Handicrafts (UTICA), Wided Bouchamaoui. Mr […]
On a two-day visit to Moscow, Egyptian army chief Field Marshal Abdel Fattah al-Sisi was on Wednesday accompanied by Foreign Minister Nabil Fahmy to seal a lucrative arms deal and discuss areas of cooperation “in multiple fields”. The US$2 billion arms deal will mainly be funded by Saudi Arabia and the UAE. The expected Russian […]
Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]
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 […]