First Independent Mena Newspaper
Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]
The transitions away from authoritarian rule in North Africa and Burma (also known as Myanmar) have often been compared to one another, highlighting major challenges but also reasons for hope. When Aung San Suu Kyi, Nobel Peace Prize laureate and leader of Burmese opposition, addressed the Clinton Global Initiative Conference in New York in 2011, […]
The shortlist for the International Prize for Arabic fiction 2013 edition has been announced in Tunisia in a press conference by the judging panel at the prestigious Municipal Theatre. A list of 16 nominees has been reduced to 6 with Sinan Antoon, Jana Elhassan, Mohammed Hassan Alwan, Ibrahim Issa, Saud Alsanousi and Hussein Al-Wad remaining […]
The economic integration of the Maghreb is being discussed for the fifth time at the regional congress in Nouakchott organized by the Central Bank of Mauritania (BCM) in collaboration with the International Monetary Fund (IMF). Participants at the congress vary from different walks of life ranging from ministers, governors from issuing banks, financial experts, economists […]
When Susan Rice withdrew her name from the consideration for nomination for Secretary of State, she did so largely to save the White House from a costly political fight. Over the previous weeks, Senators John McCain, Kelly Ayotte, and Lindsay Graham had attacked her vigorously for not calling the attack on the US consulate in […]
Companies from the two sides of the Mediterranean have agreed to pen a deal valid for almost two decades. Spain’s Gas Natural Fenosa was a signatory to the deal with Algeria’s Sonatrach for 800mn m³/year of gas for a period of 18 years and for a 10% stake in the 8bn m³/yr in the Medgaz […]
China and Mauritania have signed an agreement to finance development projects in the latter up to the tune of 10.7 billion Ouguiyas. Of this amount, 4.871 billion ouguiyas will be in the form of a non-refundable donation while 5.845 billion ouguiyas will be given as a loan without any interest. The Minister of Economic Affairs […]
Libya and Tunisia have reopened lately their crossing border post of Ras Jdir which was closed over security concerns and infiltrations of armed groups that threatened the security in the two North African countries that have changed their despotic ruling regimes. The decision was made by Libyan Prime Minister Dr Ali Zidan and his Tunisian […]
The new economic and social development project Morocco is planning to implement in its southern provinces will contribute to stability at the macro-regional level, said Secretary General of the Economic, Social and Environmental Council, Driss Guerraoui. This regional development project will also raise the local populations’ standards of living and improve cultural cohesion, Guerraoui told […]
Silphium, owned by the Libyan International Telecom Company (LITC) has started operations after it services break down after falling as a target making it the first wholly owned submarine cable system targeted at the Libyan telecommunications market. The announcement was made by LITC with Huawei Marine Networks Co. Ltd which serves as its build partner. […]