First Independent Mena Newspaper
The US ambassador to Libya, Christopher Stevens, and three other embassy staff members were killed on Tuesday during an attack on the US consulate in Benghazi, Libyan and US official sources have confirmed. The US ambassador was visiting the Libyan Eastern city, when the US consulate was attacked and burnt down by angry demonstrators who […]
The extradition last week of Gaddafi’s former spy chief, Abdullah al-Senussi, from Mauritania to Libya has postponed the trial of ex-leader Muammar Gaddafi’s son, Saif al-Islam, that was due to start this September. According to Libyan officials, Saif al-Islam’s trial has been delayed for at least five months as Senussi could provide more evidence which […]
As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]
International donors have pledged $6.4 billion to Yemen to support the country’s socioeconomic development plan, political transition and efforts to rebuild after it was rocked by political unrest and Al-Qaeda attacks. At the end of their meeting in Riyadh, which brought together more than 280 participants from 27 countries, 36 regional development & international finance […]
The Dubai-based Emirates Airline and the Australian flag carrier Qantas have announced a global partnership that would align their ticket prices and flight schedules. The 10-year codeshare deal, which still needs the approval of antitrust authorities, will offer Emirates greater access to Australia’s growing air travel network and the possibility to make round-the-world service, using […]
During a news conference at the Turkish capital, the Chief Executive of Shell announced that oil exploration and production possibilities are being analyzed in the Black Sea by the TPAO, a state owned Turkish oil firm, and Royal Dutch Shell (RDSa.L). TPAO and Shell signed an agreement last year concerning the exploration and production of […]
One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]
A recently concluded meeting between Egypt’s president, some government officials and delegates from the British Petroleum on an extraction project of natural gas from a deep water deposit in the Mediterranean basin at a depth of 7,700 meters calls for an investment of billions of dollars. 11 billion dollars will be invested by BP in […]
Tensions between the governments in Baghdad and the semi-autonomous region of Kurdistan are jeopardizing the country’s effort to stand again on its feet. Iraq is now the second largest oil producing country within the Organization of the Petroleum Exporting Countries (OPEC) but it is also loosing $200 each second because of the frequent blockage of […]
No tiny Arab country has ever gained more diplomatic leverage than Qatar in recent North African history. Since independence, only a few Arab regional powers had an overarching and successful influence in North Africa’s politics: Jamal Abdel Nasser’s Egypt and King Fahd’s Saudi Arabia were able to diplomatically twist – gently or otherwise – the […]