First Independent Mena Newspaper
Tunisian Prime Minister Hamadi Jebali announced on Monday that his proposal to form a technocrat cabinet to bring the country out of the deadlock has fallen short. Following the second round of negotiations with some 15 political parties on his initiative to form an apolitical cabinet of technocrats, Jebali was quoted by Tunisia’s official news […]
German Siemens Company has won contracts worth 100 Million euro in Libya wherein the global energy corporation will provide services, carry out inspection and maintenance works in two power plants located in the cities of Khoms and Ruwais. These contracts, awarded by the General Electricity Company of Libya (GECOL), will enable Siemens to overhaul and […]
Work will soon begin on the Ain Amenas facility which came under a fatal terrorist attack and hostage situation last month. The Algerian gas complex which is jointly managed by British petroleum (BP), Algeria’s Sonatrach and Norway’s Statoil might partially begin operations next week according to an official from sonatrach. Abdelhamid Zerguine, the head of […]
According to the analyses of the president of Canada’s International Development Research Centre (IDRC), David Malone, the 4.8 billion International Monetary Fund (IMF) loan is insufficient to end to end Egypt’s economic woes. President Malone is in Cairo when he said that what Egypt needed is not a “western tailored” development model. Malone, a renowned […]
A day before the official commemoration ceremonies begin in the country to mark the National Shaheed (martyr) Day observed on the 18th of February, the town of Annaba has already got the ball rolling. In a ceremony attended by the Minister of Mujahedeen (Liberation War veterans) Mohamed-Cherif Abbas, Annaba commemorated the day in style with […]
Negotiations have begun between E-Finance, an electronic payment company, and several other Egyptian banks for the availability of Automated Clearing House (ACH) services in their institutions. The ACH are believed to boost bank transactions. The banks involved are Blom Bank Egypt, Crédit Agricole Egypt, Arab Bank, National Société Générale Bank, Arab Banking Corporation and Commercial […]
Doing business in North Africa seems to be very challenging and still largely for the intrepid. The World Bank’s annual survey ‘Doing Business’ provides data on the relative easiness (or difficulty) of running a business around the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive […]
In the context of the Arab Spring, the use of the term “Islamism” is very common. The new political elites throughout the North Africa, commonly referred to as the “Islamists”, often talk of replacing the old and more or less authoritarian secular regimes in the Middle East. Journalists also use the term quite excessively and […]
Algeria will be building a new city with the name El-Menia in Constantine, with a budget of $2.4 billion over a 1.2 million sq m development project. The city is designed by Canadian firms Exp and Lemay with the aim of making it a sustainable new community and reducing its carbon footprint as much as […]
Tullow, a multinational oil and gas exploration company headquartered in London, United Kingdom is preparing itself for another drilling campaign in the Islamic Republic of Mauritania. This time around, the company is hoping to begin frontier drilling campaign in Mauritania’s during the spring. It has set its eyes on venturing into new plays in the […]