First Independent Mena Newspaper
After the signing of agreements between the government of Algeria and Renault#, the news of subcontractors has been delivered to the public and it has been appreciated by the local businesses in the domain. It has been revealed that several components which will be need by Renault at its production plant in Oued Tlélat, Oran […]
Reports have been claiming that Dubai’s Majid Al Futtaim# (MAF) was in talks with Egypt’s Mansour Group# to buy its supermarket business in a deal valued at $200 million to $300m and it has led to Arabian Gulf firms present in Egypt to develop a zeal for expansion despite low valuations. It’s also signaling a […]
The upshots of the global financial crisis are long to list. In a catchy word, they are condensed in the phrase “shift to the East”. Driven by the increasing power and strength of emerging market economies, the timing and extent of the shift raise questions over what real objectives the new players are set to […]
Algeria has already concluded four partnership agreements with French companies as the presidential visit goes on. The agreements cover areas like pharmaceutical, medical devices and food. Companies from the two countries will be going into joint ventures for the establishment of projects with investments rules fixed at 51%-49%, as stated in rules governing foreign investment […]
The European Investment Bank (EIB) has dedicated 270 million Euros to help Tunisia boost employment among young people, diversify the private sector, and develop infrastructure in the poorest regions in a statement from the bank. The loans were finalized by the bank in two different contracts. The first contract was concluded between the European Investment […]
The first phase of the submarine cable ACE (Africa Coast to Europe) which connects coastal countries has been launched by France Telecom-Orange and other members of the ACE consortium. The cable provides access to high-speed Internet to beneficiaries and brings additional capacity to existing international networks. Mauritania with twelve other countries will be benefiting from […]
Greece will be looking forward to rejuvenate its ties with Libya when its foreign minister Dimitris Avramopoulos pays a visit to the country on Thursday. The two countries have been partners and have several bilateral agreements between them. During his visit, the officials will be concentrating on strengthening the Greek-Libyan cooperation in the various fields […]
The European Union is pushing the five countries of the Maghreb (Algeria, Libya, Mauritania, Morocco & Tunisia ) to enhance their cooperation and foster their integration because the two regional blocs and shores of the Mediterranean share common interests. To reach that goal, the EU High Representative and the European Commission issued a Joint document […]
Iman Issa, an egyptian contemporary artist has won the Fundació Han Nefkens Macba Contemporary Art Award in barcelona. The award is a new category included in the event and according to Fundació Han Nefkens (FHN) and the Museu d’Art Contemporani de Barcelona, its inclusion is geared towards consolidating the career of artists with many years’ […]
ConocoPhilips has announced the sale of its subsidiary in the North African country of Algeria in a deal worth more than a billion dollar. According to the announcement from the company, it has agreed to sell its Algerian business unit for a total of US $1.75 billion plus customary adjustments to Pertamina. The deal involves […]