Algeria Features Headlines

Algeria Hostage Crisis: Over 40 Foreign Workers Captured by Al-Qaeda

As many as 41 people – including American, British, French, Japanese, Norwegian, Irish and Austrian nationals – are being held hostage by armed Islamist militants after storming a gas facility in Algeria. The gas production facility attacked on Wednesday by the terrorists is located in the town of In Amenas (near the Libyan border). The […]

Business Energy

Libya: Zueitina to resume activities before weekend

In a few days, operations will begin at the Zueitina oil terminal following the oil minister’s approval after protests by former rebels over social demands obliged it to halt. Abduladeem Shareed, security supervisor at the terminal said they have “received information from the administration saying that the organization has decided to restart operations and oil […]

Algeria Features Headlines

AQIM Avenges Foreign Intervention in Mali with Abductions in Algeria

At least eight foreigners, including Britons, Norwegian and Japanese nationals were seized Wednesday in Algeria by Islamist militants in an attack on an oil facility in the south-eastern region of the North African country. The terror attack, which targeted a BP gas plant in the town of In Amenas (near the Libyan border), also claimed […]

Headlines Tunisia

Tunisia: Syphax prepares to penetrate markets

Syphax Airlines has decided to tap the aviation market with millions to increase its fleet and their performance. In a recent deal with General Electric Aviation, the company has decided to select CFM International’s LEAP-1A and CFM56-5B engines to power three Airbus A320neo and three Airbus A319/A320ceo aircraft, respectively. The total amount for the order […]

Business Finance

Egypt sovereign sukuk needs religious consensus

A U-turn has been done by the government after criticisms by Islamic religious leaders concerning a draft law which will permit the government to issue sukuk. Making the announcement, the finance minister Al-Mursi Al-Sayed Hegazy said the revision of the draft law will be done after meeting with top officials of Egypt’s prestigious Al-Azhar university […]

Culture Lifestyle

Mauritania: Festival des villes anciennes gets final prepations

Preparations are in high gear for the 3rd edition of the ‘festival des villes anciennes’ which will begin on the 24th of this month in the isolated historic town of Tichit. The final touches are being made by the organizing committee and the president of the committee Sidi Ali Ould Sidi Ali said they have […]

Business Emerging Markets

Egypt’s economic transition faces new challenges

Several developments have marked Egypt’s economic circle from different spheres in recent times leaving negative marks on the country’s desire to revive its economy and political crisis. The Prime Minister Hisham Qandil affirmed that they are dealing with major economic and democratic transition challenges. He added that the government is working on achieving the people’s […]

Headlines Libya

Libya boosts electricity capacity

A deal worth €250 million has concluded between Alstom SA and General Electricity Company of Libya (GECOL) to boost Libya’s energy and power supply capacity. The French based company which focuses on the manufacturing of power equipment and trains will be supplying the Libyan general electricity company with equipments for 11 gas turbines. These new […]