President of the Moroccan banks Professional Grouping (GPBM) and chairman & CEO of BMCE Bank, Othman Benjelloun, was recently elected vice-president of the Union of Arab Banks (UAB). The election took place during the Annual Arab Banking Conference held in Beirut, Lebanon, November 16-17 under the topic: Economic Stability at a Time of Uncertainty. Another […]
Author: North Africa Post
Crescent Petroleum ready to venture in Libya
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
Algeria: ‘Sbiba’ festival
The annual cultural festival of “Sbiba” which is hosted in Djanet is fast approaching its 4th edition and preparations are well in place as it is also preceded by the 4th edition of the National Festival of Music and Song Targuies which kicked-off on Sunday with most of the artistes coming from the southern region […]
The Grey-Force: Militant Salafism and Changing Security in North Africa
It is common today to associate Salafism with radicalism, nihilist violence and failed states. In fact, Salafism is a heterogeneous religious and political tendency. Salafis agree on the glorification of the early Muslim community, its religious texts, its supposed unity, its energy and moral conduct. However, they differ considerably on the way to revive this […]
Mauritania: offshore 3D seismic survey
In honoring its initial three-year work commitment with Mauritania concerning the Block C19 which is offshore, Chariot oil and gas has handed out a contract to a Norwegian company, Furgo, to do a 3D seismic survey in the area. In a released statement from Chariot, Furgo will be surveying depths ranging from 30 meters up […]
Egypt: decline in Hermes profits
One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]
Libya: attracting financial ventures from Riyadh
The president of the Libyan National Conference, Dr. Muhammad Al-Muqairef, is at the head of a delegation in the Kingdom of Saudi Arabia to widen their global portfolios should consider carrying out projects in conjunction with the Libyan government. The country is on verge on rebuilding its economy and President Dr. Muhammad Al-Muqairef is trying […]
Mauritania to Set Up Private TV Stations
In the few coming months, Mauritanians will have the possibility to watch some new TV stations after the Nouakchott government agreed lately to open up the country’s airwaves to private broadcasters and gave its nod for the launching of five private TV channels and five radio stations. The move is seen as part of the […]
Changing Geopolitics of the Gaza Strip and Egypt’s Predicament
New Geopolitical Realities The escalating violence in the Gaza Strip and southern Israel, in which scores of Palestinians and Israelis have so far been killed, is being played out against a fast changing geopolitical setting. The current Israel-Gaza clash is the largest since Israel’s war in Gaza in 2008-2009, when Hamas was a political pariah […]
Is Regional integration in Africa a Utopia or a feasible project?
Regional integration in Africa is a dream that has been cherished for decades, and more precisely since 1961, when the African founding fathers met in Casablanca and laid the cornerstone of the first Pan-African organization, the Organization of African Unity (OAU). Now is regional integration in Africa a utopia or a feasible project? The question […]









