First Independent Mena Newspaper
The drop of benefits prompted banks, fast earning mongers, to proceed to a wave of dismissals. In 2011, Barclays already split up with more than 4,400 employees, Crédit Suisse planned to expel 2,000 persons and Lloyds Banking Group, 10,000. The massive suppression of jobs is a trend that has affected the financial world for many […]
Longreach oil and gas limited, an independent oil and gas company holding exploration and near term development licences in Morocco, announced earlier this week that it has completed its 2D seismic program on the operated Sidi Moktar Licence, near Marrakesh, onshore Morocco. The program was completed according to the scheduled deadlines and budget, the company […]
Conergy has made its entry into the Tunisian solar market to begin its operation in North Africa. The German company has been allowed by authorities to install a solar plant in the desert area of Ben Guardane in Medenine. The plant will be covering 4,000m2 with a capacity of 210KW which will be used in […]
Economic transactions between Algeria and Spain has not seized to increase and it continues “to be more and more important,” according to the Consul General of Spain in Oran, José Manuel Rodriguez. Such fruitful relationships have led to the recent creation of an Algerian-Spanish Trade and Industry Circle (CCIAE) which will be located in El […]
Scientists are turning back towards Egypt’s ancient paintings to develop new technologies and enhance better medical devices. A pigment know as the Egyptian blue has been considered by the Journal of the American Chemical Society as having clues which can be used by modern scientists towards the development of new nanomaterials with potential uses in […]
Tunisian Prime Minister Hamadi Jebali announced on Monday that his proposal to form a technocrat cabinet to bring the country out of the deadlock has fallen short. Following the second round of negotiations with some 15 political parties on his initiative to form an apolitical cabinet of technocrats, Jebali was quoted by Tunisia’s official news […]
German Siemens Company has won contracts worth 100 Million euro in Libya wherein the global energy corporation will provide services, carry out inspection and maintenance works in two power plants located in the cities of Khoms and Ruwais. These contracts, awarded by the General Electricity Company of Libya (GECOL), will enable Siemens to overhaul and […]
Work will soon begin on the Ain Amenas facility which came under a fatal terrorist attack and hostage situation last month. The Algerian gas complex which is jointly managed by British petroleum (BP), Algeria’s Sonatrach and Norway’s Statoil might partially begin operations next week according to an official from sonatrach. Abdelhamid Zerguine, the head of […]
According to the analyses of the president of Canada’s International Development Research Centre (IDRC), David Malone, the 4.8 billion International Monetary Fund (IMF) loan is insufficient to end to end Egypt’s economic woes. President Malone is in Cairo when he said that what Egypt needed is not a “western tailored” development model. Malone, a renowned […]
A day before the official commemoration ceremonies begin in the country to mark the National Shaheed (martyr) Day observed on the 18th of February, the town of Annaba has already got the ball rolling. In a ceremony attended by the Minister of Mujahedeen (Liberation War veterans) Mohamed-Cherif Abbas, Annaba commemorated the day in style with […]