Business Finance

Egypt meets IMF as pound depreciates

Representatives of International Monetary Fund (IMF) and the Egyptian government discussed the important $4.8 billion loan as the Egyptian pound continues on its dive with the foreign reserves depleting. Before the visit, the IMF said they will discuss recent economic developments and “possible IMF support for Egypt in facing these challenges”. It’s Middle East and […]

Lifestyle Technology

Notorious Algerian Hacker Nabbed in Thailand

A notorious Algerian hacker wanted by the FBI has been captured lately at Bangkok’s international airport while travelling from Malaysia to Egypt. The hacker, Hamza Bendelladj, and his family had just spent their vacation in Malaysia. The U.S. authorities were hunting down Bendelladj for nearly three years for having hacked private accounts in more than […]

Headlines Morocco

Morocco Elected Chair of Security Council’s Counter-Terrorism Committee

Morocco has been elected last week, in the person of its Permanent Representative to the United Nations, Mohamed Loulichki, chair of the Security Council’s Counter-Terrorism Committee. Morocco, which is non-permanent member of the Security Council since January 2012, will chair the committee for the period ending December 31, 2013. The Counter-Terrorism Committee (CTC), set up […]

Egypt Headlines

Egypt Intercepts Smuggled Gaza-Bound Missiles

Egyptian security forces have captured lately six U.S. made anti-tank and surface-to-air missiles that were on their way to be smuggled into the occupied Palestinian Gaza Strip. The weapons, which were intercepted in the Sinai desert, are believed to have come from Libya and to have been manufactured by U.S. firms. But some experts cast […]

Headlines Tunisia

Tunisia approves 2013 budget

Tunisia’s budget for the year 2013 has been approved finally. This year’s approved budget has surpassed the estimates as it stood at $17.1 billion which is 4.9 percent higher than the previous supplementary budget for the year 2012 according to reports. Reports cited that the interim Prime Minister Hamadi Jebali has confirmed that the budget […]

Business Energy

Turkey gets Algerian gas until 2024

Turkey’s Energy and Natural Resources Minister Taner Yildiz accompanied with a delegation is on a working visit to Algeria and was welcomed by Prime Minister Abdelmakek Sellal on his arrival. Issues discussed between the two counterparts ranged from economic cooperation and commercial ties. On the agenda of the Turkish minister also includes ways of opening […]

Features Portrait Profile

The OCP Revolution or Mustapha Terrab’s Success Story

L’Office Chérifien des Phosphates or OCP, the Moroccan State-owned phosphates company, “has come a long way since its founding in 1920. We are proud of this long history, and we look confidently into the future. First of all, at the national level, we are proud of our contributions to the wealth and the well-being of […]

Algeria Features Headlines

Algeria Takes Military Action against AQIM

Algerian military forces have launched lately a large scale combing campaign targeting Islamist militants groups operating in the Boumerdes-Tizi-Ouzou-Bouira triangle, stronghold of al-Qaeda in the Islamic Maghreb (AQIM) and its affiliates. This campaign comes as the international community braces for military action to dislodge the radical Islamist forces occupying northern Mali after a coup in […]

Business Finance

The Egyptian pound and foreign currencies

During the inauguration ceremony of the National Initiative for Economic Launch, the Egyptian Prime minister said that there are expectations that some prospective investments can “help reduce the budget deficit” before the end of the year because these investments can go up to LE20 billion. These remarks came after saying that the transfer of funds […]

Algeria Headlines

Algeria not going as tourist to CAN

In a fornight before the African Cup of Nations (CAN) kicks-off in South Africa, the national coach of the Algerian football team has spoken about his team’s ambitions in the upcoming continental tournament. Coach Halilhodzic assured the Algerian people that the desert foxes will be representing the country to the utmost level despite uncertainties surrounding […]