First Independent Mena Newspaper
The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]
The UN Security Council held a meeting yesterday on the situation in Libya. The issue of the difficult appointment of a new special envoy to Libya was widely discussed. The post has been vacant since the resignation of Slovakian Jan Kubis eight months ago. The international community, strongly divided, cannot agree on a new envoy. […]
The current Moroccan government has set four priorities for next year’s appropriation bill as it continues to navigate through turbulent waters to materialize its promises of reinforcing the basis of the social state, bolstering post-Covid economic recovery, attracting investors and curbing inequalities between regions. The government has been challenged by imported inflation which weighed on […]
The United States should help boost Morocco’s military-industrial capability to counter the threat of Iranian destabilization via Algeria in Africa and the Middle East, says a Washington-based think tank. In an Op-Ed published by Jewish Institute for National Security of America (JINSA, retired army Gen. Steven Blum and policy analyst Samuel Millner stress the importance […]
Three Moroccan firefighters died in a car accident while on duty countering wildfires in the “Kodiat Tifour” forest, near the city of M’diq, in the country’s north. Their vehicle plunged into a ravine while they were fighting the fire. Two of their colleagues were injured. In a related development, the judicial police brigade of the […]
The European Union has decided to increase its aid to Morocco for struggle against illegal immigration by 50%, granting the North African Kingdom €500 million, according to Spanish daily El País. This aid, covering the period up to 2027, is double that of the previous period that amounted to €343 million. According to a EU […]
Saudi Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports citing the two partners. “Our investment in Aman Group reflects PIF’s belief in the current potential of the hospitality and tourism industry, both internationally and in Saudi Arabia,” PIF Deputy […]
Tunisia’s President Kais Saied is expected in December to attend the U.S. and Africa summit organized by the American President Joe Biden, the Chargé d’Affaires of the U.S. mission in Tunis has revealed. Natasha Franceschi told Tunisia’s top diplomat Othmane Jerandi Monday that President Biden will extend an invitation to the Tunisian leader. The summit […]
Group One Holding, a Singapore-based company backed by Qatar’s wealth fund, Qatar Investment Authority (QIA), is considering a US initial public offering (IPO), reports say. The company is reportedly changing its legal domicile to the Cayman Islands from Singapore as a step towards the listing. Group One Holdings is Asia’s largest global sports media platform […]
Libya’s Government of National Unity (GNU), one of the two administrations vying for power in the country has rejected the UN proposal to appoint Senegalese diplomat Abdoulaye Bitali as the new Special Envoy to the struggling oil-rich African country. The rejection surfaced as the UN Security Council was to convene Monday to vote on the […]