Headlines Tunisia

Tunisia, EU Launch talks for Advanced FTA

Tunisia and the European Union launched Tuesday talks for a free trade agreement to boost the North African country’s economy and back up its democratic transition. According to the European Commission, the Deep and Comprehensive Free Trade Agreement (DCFTA) would help support economic reforms in Tunisia, the birthplace of the Arab spring that ousted Ben […]

Egypt Headlines

Egypt: Former ruler’s sons to be released

An Egyptian court Monday ruled in favor of the two sons of the ousted Egyptian President Hosni Mubarak, ordering their release, a lawyer of the defendants said. Alaa and Gamal Mubarak will be freed after spending three years behind bars since 2011, the year they were sentenced to three years in jail for corruption. A […]

Headlines Tunisia

Tunisia: Two soldiers killed in shoot-out with Jihadists

The Tunisian Ministry of Defense announced Monday two of its soldiers have been killed and four wounded in a clash with Jihadists near the Algerian border as they were on an operation to free a man kidnapped by the militants. During a search operation, jihadists hiding out on Mount Sammama opened fire on the soldiers, […]

Egypt Headlines

Egypt: Businesswomen Get EBRD Support

National Bank of Egypt (NBE,) largest commercial bank in the North African country, has launched “Women in Business (WIB)” program aimed at strengthening the role of women entrepreneurs in the Egyptian economy This initiative has gained the full support of the European Bank for Reconstruction and Development (EBRD) which helps NBE to provide a comprehensive […]

Headlines International

Turkey: Authorities blame ISIL for Ankara twin attacks

Turkish security authorities said Sunday first indications of the investigations suggest that ISIL was behind the deadly twin bomb-blasts that disrupted a peaceful demonstration in the Turkish capital on Saturday. Initial signs suggested ISIL was behind the attack which bore a striking similarity to a July suicide bombing in Suruç near the Syrian border, also […]

Headlines International

Refugee crisis: “We need free money to handle influx of refugees, not loans,” Lebanese official

Top official of the Lebanese Ministry of Finance warned that the country may collapse if the international community does not assist economically countries taking in refugees. “The support has to be through grants. It cannot be loans,” said Alain Bifani, director general of the Lebanese finance ministry. “As long as we can, we will turn […]

Business Headlines Mauritania

Mauritania Pelagic Sells 23 % of its Shares for € 20 million

Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]

Algeria Headlines

Algeria: “Family succession to power, not possible in Algeria”, former PM

Former Algerian Prime Minister Mouloud Hamrouche Saturday indicated that the Algerian political system outlook and social features do not allow family succession to power in Algeria as rumors indicate that incumbent ailing President Bouteflika is grooming his younger brother to take over him as head of state. “The features of the society and the Algerian […]

Headlines Libya

Libya: Mitigated responses to deal on Government

The announcement of an agreement between the two rival Libyan governments continues to be applauded by the international community and organizations for it increases the hopes that war is nearing its end. Fayez el-Sarraj would head the transitional government with the help of three deputy prime ministers representing the western, eastern and southern regions. The […]

Egypt Energy Headlines

Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]