First Independent Mena Newspaper
Two tribes have taken arms against each other in the Polisario controlled Tindouf camps that led the military junta to call the Algerian army to the rescue on March 7. The news was relayed in different Moroccan media citing sources within the camps in south-Western Algeria where thousands have been denied their right to free […]
The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]
France’s army said Monday that its anti-jihadist force in Mali had killed a senior Algerian member of Al-Qaeda in the Islamic Maghreb (AQIM), Yahia Djouadi, who was responsible for finance and logistics. Djouadi, also known as Abu Ammar al-Jazairi, was killed overnight from February 25 to 26. “On the night of February 25-26, the Barkhane […]
The European Union Foreign Policy Chief, Josep Borrell, has reiterated the EU’s non-recognition of the so-called Sahrawi Republic. “None of the member states of the European Union recognizes the SADR,” Borrell wrote in a response to an MEP, stressing that its “participation in the [EU-AU] Summit does not change the position of the European Union […]
The $7 billion arms deal the Algerian military regime sealed last year with the Kremlin has hit a serious snag after the European Union, the US, the UK and their allies have banned Russian Banks from SWIFT system in response to Russia’s invasion of Ukraine. The move of unplugging almost all Russian banks from the […]
Three Egyptian banks, including Banque du Caire, will launch this month a fintech fund estimated at around $83 million amid increase in investment in Egypt’s fintech industry. Banque du Caire is joined by National Bank of Egypt (NBE) and Banque Misr to carry out the initiative, Rasha Negm, Assistant Sub-Governor Information Technology at NBE indicated. […]
Morocco is currently searching for cobalt, a key commodity for rechargeable batteries and renewable energy transition, in tandem with an increasing demand on the metal, a Moroccan official told Reuters. Secretary General of Morocco’s hydrocarbons and Mines office, Abdellah Mouttaqui said that the office and Moroccan mining company are prospecting for cobalt in the area […]
The Tunisian Interior ministry Saturday announced the arrest of a woman planning to kidnap relatives of some security and military forces in exchange for the release of some prisoners arrested for terrorism. The woman was also plotting to stage an attack on a police station using an explosive belt that she manufactured herself, the ministry […]
Morocco topped North African countries in the Economic Freedom Index which covers 12 freedoms – from property rights to financial freedom – in 184 countries. Globally, Morocco was ranked the 97th freest in the 2022 Index. But its overall score was above the regional average. Algeria continued to lag behind ranking the 167th globally and […]
The city of Dakhla will host, this March 8 and 9, the Morocco-United States Investment Forum, meant to strengthen bilateral economic ties, highlight the investment assets in the Moroccan southern provinces and promote the region through the presentation of its potential and investment opportunities to American investors and operators. Initiated by the Council of the […]