First Independent Mena Newspaper
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
Morocco will take over the rotating chairmanship of the Bureau of the Parliamentary Assembly of the Union for the Mediterranean (PA-UfM) during the upcoming General Assembly slated for Dec.3- 4 in Brussels. The Bureau of the PA-UfM is currently chaired by the European Parliament. It is tasked with coordinating activities of the Assembly. It consists […]
Frenchman Didier Gomes Da Rosa has been appointed coach of the national soccer team of Mauritania to replace Corentin Martins, who was sacked in October after seven years of service. “Mr. Didier Gomes Da Rosa is the new coach of the national team of Mauritania,” said the Football Federation of the Islamic Republic of Mauritania […]
Morocco is resuming mandatory military service, which was previously suspended for two years due to the COVID-19 pandemic. The resumption of the military service starting in 2022 was announced to the house of representatives committee of the interior by Abdellatif Loudiyi, Junior Minister in charge of the National Defense Administration. In his presentation before the […]
The United States has vowed to continue defending freedom of religion or belief for all and in every country, to continue advancing religious freedom around the world, and to address the plight of individuals and communities facing abuse, harassment, and discrimination on account of what they believe, or what they do not believe. “The United […]
The implementation of the project to generalize social protection will be monitored by an inter-ministerial committee, whose creation was announced by head of government Aziz Akhannouch. Akhannouch who made the announcement during a cabinet meeting said the inter-ministerial committee is the starting point for the operationalization of this unprecedented royal social project, stressing the solicitude […]
President Joe Biden has highlighted the enduring relationship binding the United States and Morocco since the signing of the bilateral Treaty of Peace and Friendship in 1786, underlining the two countries’ shared interest in peace, security and stability in North Africa. This came in a message of congratulations President Biden addressed to King Mohammed VI […]
The Speaker of the Libyan House of Representative (HoR), Aguila Saleh, announced Wednesday that he will run for December 24 presidential elections, one day after his ally and controversial military strongman Khalifa Haftar revealed similar plans. The head of the state legislature, based in the eastern city of Tobruk, announced his bid on Dubai-based Al […]
Tunisia’s military court handed Wednesday a three-year prison sentence to Maher Zid, a lawmaker in the suspended state legislature. Zid, who is uncounted for, was sued by former defense minister Ghazi Jribi after he accused him of corruption in relation to the acquisition of a number of US helicopters for the Tunisian armed forces. Zid […]
The strongman of eastern Libya Khalifa Haftar announced Tuesday his candidacy for the presidential election scheduled for December 24, in a speech broadcast live on television. “I declare my candidacy for the presidential election, not because I am running after power but to lead our people in this crucial period to glory, progress and prosperity,” […]