First Independent Mena Newspaper
Gulfsands Petroleum is planning to get more work done at its offshore and onshore blocks in Tunisia following an investment in two exploration permits there according to a released statement. The statement came on the heels of an announcement of the company’s new opportunities in the country. Gulfsands in a recent announcement said that it […]
Following Europe’s unpopular attempt to develop its own shale reserves, its attention has now been shifted to Algeria which is using tax breaks to attract investments in its exploration and pipelines lying under the Mediterranean makes Europe much more eager. Algeria has already concluded shale exploration agreements with Eni SpA (ENI), Royal Dutch Shell Plc […]
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently in bankruptcy proceedings. “The LIA has denied the news circulated by some media and on the internet about its intention to buy an old refinery in France,” reported the Libyan […]
Reports are being featured that the Fitch Ratings Maghreb, the branch of the rating agency overseeing the region, is winding up its activities in Tunisia and will be closing its doors in the country by the end of the year. It seems as if the decision is prompted by the ongoing global financial crises with […]
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]
Algiers is playing host to the projection of Spanish films. The first movie entitled “In his own eyes” directed by Liliana Beatrice Paolinelli was projected at the Cinematheque of Algiers to mark the beginning of the event. The project is part of Spain’s cinema program under the name “Ciné en construction.” The event started on […]
A trans-Saharan pipeline that will convey gas from oil fields in Nigeria to Spain on the Mediterranean coast through Niger and Algeria is scheduled to be operational by 2015 if the project succeeds to overcome all the obstacles on its long way. According to estimates, the 4128 km long pipeline is to convey to the […]
Tunisia has gained the European Union advanced status, becoming the 2nd North African country after Morocco to obtain such a title, the status of a privileged partner with the EU. The decision was made during the Tunisia-European Union (EU) Association Council’s 9th session held lately in Brussels. Tunisia has requested last March an EU advanced […]
The gap between the Algerian regime favourites and the majority of the population, which is living in rather difficult conditions, is increasingly widening although the country’s oil resources generate huge resources. While the Arab Spring wave swept over many neighboring countries in the region, Algeria has largely been spared large-scale unrest. Nonetheless, the government has […]
After President of Mauritania Mohamed Ould Abdel Aziz was wounded by gunshot last October 13 in what was officially described as a “an accidental shooting”, he appeared on his country’s State TV to reassure its countrymen that he was in good condition before being airlifted to Paris for further treatment. From that time, there were […]