First Independent Mena Newspaper
The 10th conference of the Organization of Arab Petroleum Exporting Countries (OAPEC) will be held Libya in 2014 to discuss several issues related to world oil market, the challenges facing Arab crude producing countries and ways to support Libya’s post-revolution development and reconstruction. The conference, to look also into sustainable development of energy sources throughout […]
World Bank has pumped a quarter of a billion dollar in Egypt to create job opportunities. The money is channeled through labor-intensive projects with the objective of developing skills and easing the employment of people. Priority is being given to those in the poorest areas of the country such as Upper Egypt. The bank’s country […]
The World Bank has extended Morocco a $160 million loan designed to support reforms in Morocco’s business environment to spur competitiveness and boost growth and job creation in an increasingly competitive global economy. The First Economic Competitiveness Development Policy Loan approved this week by the World Bank will improve transparency and accountability in investment procedures […]
The head of the Libyan Investment Authority (LIA), Mohsen Derregia, who has been sacked by Prime Minister Ali Zeidan but still reluctant to leave office, has said that the decision is costing the country millions. He was replaced under a government policy but the decision is being challenged in court. The defiant Derregia claimed that […]
Algeria announced on Monday a series of measures to fight the chronic unemployment excluding thousands of Algerian youths from the work market, mainly in the southern parts of the country. The announcement came while anger is growing among these youths who have planned a massive protest demonstration for Thursday and who no longer believe the […]
At a charity fashion show organized to raise funds for the National Centre for Cancer Care and Research in Doha, the Libyan ambassador to Qatar urged Qatari authorities to invest in Libya’s reconstruction. Ambassador Hafiz el-Bouri said Libya has “very big chances of investments presently” that could be capitalized upon. He is hoping that Qatar […]
A data transfer agreement which also includes internet security has been concluded between the Telecom Egypt Data (T.E Data), a telecommunication company, and Z Scaler, an internet service provider dedicated to security solutions. It will enable T.E Data to distribute internet cloud protection services to networks throughout the Middle East and also provide the region […]
Chakib Benmoussa, a brilliant businessman, skilled technician and smart politician has been appointed Morocco’s ambassador to Paris, a position that remained vacant since October 2011. The former Minister of the Interior will also represent the North African Country to Andorra and Monaco. The rumour about his appointment to the position has been circulating for months […]
Moscow is looking forward to sell its latest weapons to Libya, now under new government, after the collapse of Gadhafi regime which was Russia major client in the region. According to foreign intelligence reports, the Russians seek by all means to restore military cooperation ties with the North African country and secure their market share […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]