First Independent Mena Newspaper
French President François Hollande will pay early 2013 a visit to Morocco at the invitation of King Mohammed VI. The announcement was made Wednesday in the two countries’ capitals following a telephone call between the two heads of state who both said they were looking forward to meeting each other. President Hollande thanked the king […]
The minister responsible for investment has voiced out that the country’s actual economic situation might force the government to ask for a precautionary standby credit line worth $2.5 billion from the International Monetary Fund. He said they not completely ruling out the idea because they need the sum in order to give assurances to their […]
Libya’s Afriqiyah Airways has ordered four more Airbus A350-900s planes worth over $1.4 billion as the company prepares its international and regional comeback with competitive services. The carrier has also converted its original order for six Airbus A350-800s into six of the larger A350-900 model bringing up its total order to 10 jets. Afriqiyah Airline, […]
The 6th International Handifestival will be held from the 1st to the 4th of December in Nouakchott despite the financial difficulties confronting the organizers with less than 25% of the budget acquired. The event is organized by the ‘Nyellitaaré Légnol’ musical group managed by Mohamed Camara who also serves the president of the Mauritanian musicians. […]
Egypt’s economy might be heading for the worst as the board of the International Monetary Fund (IMF) meets in a few weeks to consider almost a $5 billion financing agreement amidst political crisis in the country. The board will be requiring that there is no major change in economic outlook or policy when it makes […]
The head of Libya’s oil ministry Abdelbari al-Arusi is planning to set up two separate institutions which will be responsible for the exploration and production activities on one hand and the other will be taking care of the refinery but they will all be under the ministry. According to reports, Benghazi will host the body […]
France is looking forward to increasing its presence in Tunisia as a delegation from the Movement of French enterprises (MEDEF) heads for a two day visit beginning on Wednesday. The delegation of more than a hundred enterprises among them the president of the Chamber of Commerce and Industry International is headed by Jean Burelle, president […]
Algerian authorities are planning to build a new Terminal at the Houari Boumediene international airport in the Algerian capital to keep pace with soaring air traffic and passenger growth. Construction work is set to begin in 2014 and expected to be completed by 2018. This project to cost over $ 425 million will be carried […]
The Kuwait Fund for Arab Economic Development (KFAED) has issued a loan of over $35 million for the construction of a 135 km highway in Mauritania that will link Nema to Fasala Nere, near the Malian border. The project that will also link the Port of Nouakchott to the border crossing at northwestern Mali will […]
Egypt and Tunisia will shortly recover the assets that were frozen under sanctions decreed by the European Union against their former presidents Hosni Mubarak and Zine El Abidine Ben Ali, who were both toppled in Arab Spring uprisings. The Council of the European Union announced Monday that the EU took steps to facilitate the return […]