First Independent Mena Newspaper
Algiers has made it intentions known to Cairo that deals involving natural gas could only be discussed in 2014, due to the need to develop production from new fields first. According to Egypt’s oil minister Osama Kamal, Algeria doesn’t have “enough quantities to be exported to Egypt.” Algeria’s decision was prompted by the fact that […]
Back in 2012, Issad Rebrab was listed as a potential candidate to Algeria’s presidential elections initially scheduled for April 2014 and press reports had then said that the man had already set up a campaign team made up of former cabinet members, businessmen and media figures. Last week, after President Abdelaziz Bouteflika suffered a stroke […]
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group, and the Egyptian government have reached a financial and initial working capital terms agreement in Cairo. The agreement is essential for works on the Al Nouran Sugar Project, where an amount of $372 million […]
According to a statement released by the Algerian Ministry of Oil, Algeria is willing to open the door to Russia in an invitation made to Minster Alexander Novak. Algeria wants a stronger cooperation between oil and gas companies from the two countries in order to strengthen their participation at OPEC. The Algerian minister offered investment […]
Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]
Malta’s newly elected Prime Minister, Joseph Muscat, has renewed his ambition to establish a new partnership with Libya geared towards developing together “as equals” rather than being financially oriented. Prime Minister Muscat said Libyans need “genuine friends” as partners in development “with an open mind.” He lamented the cooperation environment between the countries lying on […]
Tunisian authorities have dismantled lately several Islamist terrorist networks that were recruiting young Tunisians for jihad in Syria. The recruiters are hardline salafists groups operating in mosques and charities. These dark networks were disrupted after months of investigations launched after the complaints lodged by several families over the disappearance of many of their sons, accusing […]
The health of Algerian President Abdelaziz Bouteflika who suffered a stroke and was flown to Paris on Saturday for further medical check-ups has raised speculations as to the political future of the country which seems in limbo. The health condition of President Bouteflika who was expected to run for the presidential elections scheduled in about […]
Two senior officials in the Libyan oil ministry have claimed that Libya could be exporting $1,2 billion worth of crude oil at world prices, but on interest-free credit for a year to Egypt, in order to save the country from fuel shortages with the government finding it difficult to honor energy importation dues. These importations […]
North and West Africa are facing a complex set of challenges in terms of democratic transition and consolidation, a growing prominence of Islamist influence, and potential knock-on effects of recent socio-political transformations. Adding to this complexity is Africa’s raising geopolitical importance that is evident in the growing interest of other extra-territorial powers, such as China, […]