First Independent Mena Newspaper
The Algerian government is planning to invest over $ 24 billion between 2012 and 2016 to enhance electricity production and distribution in the North African country experiencing power shortage and outages that have affected lately business and households. Many Algerians were angry over the frequently power cuts in the oil & natural gas producing country. […]
The United States has reportedly deployed a dozen aircraft in the Middle East-North Africa region probably as a precaution, in case conflicts there necessitate quick action. According to Stratfor, a news outlet specialized in geopolitical analysis and intelligence news, at least a dozen military transport planes and gunships, typically used for a variety of special […]
A deal has been reached for the acquisition of Al Rashad Finance and Management Advisory JSC (Rashad) together with its business, operations and financial services license by Arqaam Capital. Rashad which was established in the beginning of the year will now be operating under Arqaam Capital Libya and help clients of Arqaam’s regional network participate […]
Tunis Financial harbor was the topic of discussion between the Tunisian government and Bahrain’s investment bank Gulf Finance House. The latter wants to develop the harbors aiming to be North Africa’s first offshore financial centre. A high profile delegation from GFH led by acting CEO, Hisham Alrayes, and Lutfi Alzaar, the CEO of Tunis Financial […]
New York’s Hometown Airline, JetBlue Airways, has teamed up Morocco’s flag carrier Royal Air Maroc to boost tourism and flight connections between Africa and the Americas, offering passengers new travel competitive options. The two companies have signed an interline agreement connecting their networks and offering passengers the possibility of booking a single-ticket to fly on […]
The last few days have set off the alarms of a radical Islamist winter hijacking some promising landscapes of the “Arab Spring”. The murder of US Ambassador Christopher Stevens in Benghazi (Libya), as well as the attacks on western diplomatic missions across the Middle East and North Africa, have brought the threat of radicalisation to […]
Iraq’s oil exports during September reached the highest peak in three decades with about 2.6 million barrels per day, earning the country 8.4 billion dollars. The oil ministry which disclosed the figures earlier this week said oil exports in August were slightly lower at 2.564 million bpd and brought in $ 8.445 billion at an […]
The sixth edition of the Abu Dhabi Film Festival will kick off on October 11 with the screening of the feature film “Arbitrage”, starring Richard Gere and Nate Parker and produced by Mohammed Al Turki from Saudi Arabia and director Nicholas Jarecki. A total of 81 feature films and 84 short films representing 48 countries […]
Negotiations for a loan agreement have commenced between the World Bank and the Egyptian government for the financing of the privatization and restructuring of the public sector. The government is being urged by Dr. Fakhry El-Fekky, the former International Monetary Fund’s assistant managing director to uphold the privatization process that was began by the former […]
The Casablanca Finance City, an emerging regional financial hub in Africa, has partnered with the CityUK to develop of the securities and derivative markets, boost education and training in the financial services sector and build an insurance and reinsurance sector that will benefit the wider African market. Chris Cummings, chief executive officer of TheCityUK, said: […]