First Independent Mena Newspaper
Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]
Operations have been hampered in a major oil port in eastern Libya, Al-Zuweitina oil port after protesters stormed its premises making it the fourth consecutive day that its door has been closed. The Al-Zuweitina oil port receives crude pumped from at least three oilfields in the Libyan desert and handles about 20% of the country’s […]
Egypt has decided to call off its first debt sale after a rating cut at Standard & Poor’s raised borrowing costs and as Fitch Ratings warned against delaying an International Monetary Fund loan beyond January. The local currency is continuing on its journey of unprecedented deprecation. The sale which was supposed to take place was […]
Relationships between Mauritania and Libya have become more active after the end of the Libyan uprising which started in Misrata and ended up uprooting Ghaddafi from power with the help of forces from the North Atlantic Treaty Organization. In a recent development, their chambers of commerce have decided to reinforce the interactions between the two […]
Mohamed Abbadi has been elected earlier this week secretary general of Al Adl wa al Ihssane after the demise of the founder and spiritual leader of the Moroccan outlawed Islamist association, Abdessalam Yassine. Mohammed Abbadi, Yassine’s closest friend who was sometimes called his “Black Box”, will lead the association for a five year term, not […]
Tunisia will be introducing its financial transactions to Sukuk for the first time next year alongside Egypt according to CIMB Group Holdings and OCBC Al-Amin Bank with the global sukuk sales tipped to surpass 2012 record of $46 billion in 2013. Sukuk has been attracting countries after the global economic crises took centre stage. Countries […]
The government is preparing to sell almost 60% of its bond in the next quarter. The decision is a U-turn on its strategy to cut long-term debt sales by 49% in expectations of the delayed IMF loan. The Finance Ministry will seek to sell 26billion pounds ($4.2 billion) in bonds maturing in 3years to 10years, […]
Libyan youth living around the coastal areas are turning towards kitesurfing to occupy their leisure time. The sport is gaining huge popularity. Water sports in Libya, a Mediterranean country boasting a 1,770-kilometre coastline (1,106 miles) and almost 365 days of sunshine, were woefully underdeveloped during the Gaddafi regime, although there was a sailing federation in […]
Prime Minister al-Jabali said he was honored when addressing the Sixth Turkey Sectoral Economic Council meeting held at the twin towers of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) in Ankara. Both countries exchanged mutual appreciation and support and acknowledged to work together in widening it by increasing contacts to develop areas […]
Marrakech has become over the years the place to be to celebrate the Christmas season and New Year’s Eve for the world jet set and celebrities who find in the ochre city a heaven of peace, charm, entertainment and fun. This year is no exception as several celebrities have already arrived in the city or […]