First Independent Mena Newspaper
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]
France is looking forward to increasing its presence in Tunisia as a delegation from the Movement of French enterprises (MEDEF) heads for a two day visit beginning on Wednesday. The delegation of more than a hundred enterprises among them the president of the Chamber of Commerce and Industry International is headed by Jean Burelle, president […]
Algerian authorities are planning to build a new Terminal at the Houari Boumediene international airport in the Algerian capital to keep pace with soaring air traffic and passenger growth. Construction work is set to begin in 2014 and expected to be completed by 2018. This project to cost over $ 425 million will be carried […]
The Kuwait Fund for Arab Economic Development (KFAED) has issued a loan of over $35 million for the construction of a 135 km highway in Mauritania that will link Nema to Fasala Nere, near the Malian border. The project that will also link the Port of Nouakchott to the border crossing at northwestern Mali will […]
Egypt and Tunisia will shortly recover the assets that were frozen under sanctions decreed by the European Union against their former presidents Hosni Mubarak and Zine El Abidine Ben Ali, who were both toppled in Arab Spring uprisings. The Council of the European Union announced Monday that the EU took steps to facilitate the return […]
Gulfsands Petroleum is planning to get more work done at its offshore and onshore blocks in Tunisia following an investment in two exploration permits there according to a released statement. The statement came on the heels of an announcement of the company’s new opportunities in the country. Gulfsands in a recent announcement said that it […]
Following Europe’s unpopular attempt to develop its own shale reserves, its attention has now been shifted to Algeria which is using tax breaks to attract investments in its exploration and pipelines lying under the Mediterranean makes Europe much more eager. Algeria has already concluded shale exploration agreements with Eni SpA (ENI), Royal Dutch Shell Plc […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]
Reports are being featured that the Fitch Ratings Maghreb, the branch of the rating agency overseeing the region, is winding up its activities in Tunisia and will be closing its doors in the country by the end of the year. It seems as if the decision is prompted by the ongoing global financial crises with […]
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]