First Independent Mena Newspaper
Egypt was pinning great hopes on the International Monetary Fund (IMF) promised loan to boost its economy, stabilize the country and attract investors and tourists anew. The country is in dire need of this loan also to inject cash in the state’s reserves as foreign currency reserve can barely cover 3 months of imports and […]
Kanosak Capital Venture Corporation has announced that it has acquired 90 percent interest in ‘’la Société Mauritanienne d’Exploration’’ (“SEM”) from Wafa Mining and Petroleum S.A., a Mauritanian company. In exchange for the acquisition, Kanosak, a Canada-based capital pool company, issued 100,000 common shares and paid US$100,000 in cash. Additional contingent consideration of common shares and […]
The European Union is negotiating with Morocco a new fisheries agreement that would allow European trawlers back in Moroccan waters in exchange for annual payments. So far, the European and Moroccan delegations held three rounds of talks for a new protocol to the Fisheries Partnership Agreement (FPA) which entered into force on February 28, 2007. […]
EXLUSIVE INTERVIEW for North Africa Post with Andreas List, Head of the EU Office in Myanmar Q: Mr. List, you have been dealing with the agenda of Burma/Myanmar for many years, as Desk Officer at the European External Action Service (EEAS) and now as the Head of the EU Office in Myanmar. Looking at the […]
Euro-Atlantic Region Facing the Russian Challenge Jakub Janda (European Values Think-Tank) Euro-Atlantic Region Facing the Russian Challenge The Russian position in the Euro-Atlantic geopolitical region was supposed to turn towards careful cooperation following two major doctrinal shifts which have occurred recently. Obama’s policy of restarting the US-Russian relations (including the signing of the START treaty, […]
The OCP group and its Belgium-based partner Prayon signed last week an exclusive licensing agreement relating to Prayon’s water soluble mono-ammonium phosphate (MAP) fertilizer technology, globally recognized for the quality of its industrial processes in the water soluble fertilizer sector. OCP will exploit the technology in a water soluble MAP fertilizer production plant, which will […]
The Pentagon is planning a drone base in northwest Africa to counter the growing terror threat posed by the Islamist extremists linked to Al Qaeda, says the New York Times on its web site. The base will be most probably established in Niger or Burkina Faso, sharing borders with Mali where French and Malian troops […]
Egypt might be taking a new approach towards small and medium-sized enterprises (SMEs) in the economic sector after a report was submitted to the National Bank of Egypt (NBE). The report which was overseen by the deputy head of the small and medium-sized enterprises division, Saad Mohyeldeen, has proposed 10 suggestions. The most significant among […]
A security meeting that gathered last week in Rabat the interior ministers of France, Morocco, Portugal, and Spain agreed to enhance cooperation between the four countries’ police and security departments and consequently improve struggle against terrorism, illegal immigration and drug trafficking. The four countries also agreed to upgrade their intelligence exchange cooperation mainly in matters […]
Algerian and Italian companies will set up joint ventures in the housing industry sector as demand continues to grow in the North African country. According to the CEO of INDJAB holding company, Hafid Fassouli, four Algerian-Italian joint ventures specialized in construction and housing will be created soon, in a bid to upgrade Algeria’s construction capacity. […]