First Independent Mena Newspaper
The second route to the Suez Canal, a gigantic project announced shortly after the coming to power of President Abdel Fattah el-Sisi, will be inaugurated in Egypt on August 6, President el-Sisi said in a televised address. “The dry digging in the new canal has been 100% completed,” Sisi said, adding that 65% of dredge […]
Regional security and the joint Arab force project were among the main topics discussed at talks held Thursday in Cairo between Egyptian President Abdel Fatah al-Sissi and visiting former U.S Secretary of Defense Leon Panetta. A statement released by the Egyptian presidency said Panetta is convinced that the joint Arab force being discussed by members […]
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
World Bank’s Regional Director for the Middle East and North Africa, Haleh Bridi, has signaled Egypt that time is running out for it to assure investors that it means business ahead of the 2015 international conference to be held in March. Cairo wants to revive its economy after three years of political turmoil and social […]
Two US top diplomats, State Department Counselor Thomas Shannon and David Thorne a senior advisor to the Secretary of State, are in Egypt to widen the cooperation ventures between the two countries. Relationship between Washington and Cairo was tense when the former decided to suspend some of its military aid to the North African country […]
Saudi Arabia has reiterated its support for the military backed in government in Cairo and has promised to continue supporting it at all cost. Al-Sisi applauded the unconditional support of Saudi Arabia and its diplomatic efforts to gather support for the government. The Cairo government could be faced with financial difficulties because donors have threatened […]
After opening its doors to Arab tourists, Egypt has now turned onto the Public-Private Partnerships (PPP). It is inviting all foreign investors to increase their involvement in such partnerships especially those from Britain. The finance minister, Al-Morsi Hegazy, said it will help the investors “profit from promising opportunities.” The minister made these remarks shortly after […]
A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]