First Independent Mena Newspaper
After years of loose monetary policy, with 0.5 percent interest rate and three consecutive waves of quantitative easing (QE), including buying US$ 85 billion per month of Treasury bonds (T-bonds), Ben Bernanke, the chairman of the Fed’s board of governors, announced in May the Fed’s intention to commence tapering its asset purchase program. The Fed’s […]
The secret negotiations from Palestine and Israel have resumed despite the dissatisfaction of the Palestinian delegation. Although both parties have renewed their desire to solve their differences, the demarcation of the border between them has been a major setback. Palestinian’s claim that Israel’s response has been slow during talks and the absence of the U.S […]
Despite Tunisia’s political turbulences and incertitude, some experts believe that it is the right moment to venture into the North African country and seize the opportunity that it offers. Oualid Hamdi believes that the negative ratings of major credit ratings agencies and the standoff between the government and the secular opposition parties should not deter […]
Some Egyptians could be readying General Al-Sisi as the country’s next president after three campaigns supporting the cause kicked off. The General on the other hand has called for “quick political transition” in the interest of stability. Political pundits and figures believe that he stands a great chance to become the head of state despite […]
Property experts have raised alarm on the intense backtracking of foreign companies due to the political crisis that the country is experiencing. Some property prices have fallen to a 4-year low because of the sudden fall in demand. According to experts, international investors are expected to follow suit by focusing more on real estates in […]
The Islamic economy has for long been associated with the Islamic financial law. Based on the moral code and religious law of Islam – shari’a – Islamic banking requires very stringent capital requirements in loan markets, rejects interest rates, and promotes profit and loss sharing between the client and the bank according to the contract […]
While recently attending a conference in Benin, the crisis in Mali still loomed large. The conflict in Mali had threatened to unravel the entire security situation in the Sahel and Western African nations spent much of the last year bickering whether a military intervention to save Bamako from approaching Islamist militias was feasible. In the […]
The ceremony to mark the beginning of Sanofi’s ambitious project of constructing its largest industrial site in Africa was well attended by Algerian authorities. The occasion was also used an opportunity to reiterate on the cooperation between them and renew their dedication towards contributing in the upgrading of the health sector with the signing of […]
The Defense Ministry has announced that the government is working with international private security companies to address concerns over the country’s porous borders especially in the South. These foreign security companies are to be contracted by the government to secure the borders and equip the army. Most of the border patrol in Libya is done […]
The government has revealed that it will introduce austerity measures to curb its budget deficit. Finance Minister Elyes Fakhfakh’s announcement could further stir up the heightened political crisis to new levels. The decision will imply the reduction of public expenditure and the freezing of public salaries. The move is not expected to be welcomed by […]