First Independent Mena Newspaper
Three years after the ousting of President Mohammed Morsi at the end of one year in office in July 2013; the Sisi administration has announced that June 30 will be a public holiday for the public sector and government employees. The decision made by Prime Minister Sherif Ismail said it will be a paid day […]
Egyptian lawmakers have addressed a letter to Prime Minister Sherif Ismail warning against announcing critical economic and financial measures likely to affect the population. The Prime Minister is scheduled to deliver his policy statement speech on February 27 at the National Assembly. They warned that “any shocking measures” that would affect the poor and limited-income […]
A new Egyptian government led by Prime Minister Sherif Ismail, the petroleum minister in the former government, was sworn in on Saturday. The new cabinet features almost half of the ministers that were in Mahlab’s government. The government is expected to be short-lived because a new government would be announced before the end of the […]
Oil Minister Sherif Ismail has announced that the payment of Egypt’s debt to foreign oil companies will be delayed by six months thereby pushing the deadline to the end of next year after Egypt had promised to repay all its debt by mid-2016. He also said there will no longer be oil grants from the […]
President Abdel Fattah El-Sisi will be celebrating one year as the Egyptian Head of State on Tuesday but he is unpleased with the achievements of the government led by Prime Minister Ibrahim Mahlab after he publicly criticized him and some members of his cabinet. The president was at the inauguration ceremony of development projects being […]
The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report marks the third consecutive time that the reserves have been depleting. Analysts have claimed that the trend will continue till the end of the year. The country’s reserves dropped from $18,6 billion […]
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 […]