First Independent Mena Newspaper
Orascom Telecom has announced that it will be dropping its bid to take over Wind Mobile Canada, under the Investment Canada Act, despite its strong interest in the company after discussions with Canada’s federal government. Wind Mobile Canada is among the rising companies trying to challenge the main cellphone wireless carriers in Canada. In the […]
With the upcoming presidential elections scheduled for next spring, Algeria seems to be heading toward a direction with uncertain outcomes. President Bouteflika who has ruled the country for 14 years, spanning 3 terms in office has made a recent appearance albeit in photographs, after more than 18 months of absence while undergoing medical treatment in […]
In a move to bring Egypt’s growth back to its pre-revolution era, Investment minister Yehya Hamed declared that he was ready to negotiate with businessmen close to Mubarak who fled Egypt during and after the revolution. The goal is to bring the economy to a 7% annual growth rate, allowing the country to breathe. According […]
A fund destined to promote the training of African youth, “Train My Generation,” has been set up on the sidelines of the New York Africa Forum, held in the Gabonese capital, Libreville, June 14-16. The fund with an initial capital of $ 200 million was set up in partnership between the Economic and Monetary Community […]
A research study by Thomson Reuters has concluded that Islamic finance in Tunisia can grow, and claim at least 25% and up to 40% of the financial sector in 5years, if the required policies are implemented. Islamic finance has previously not been popular in the country because it has been neglected by the previous regime. […]
The production of oil in the leading oil production country in Africa has suffered a drastic decline since its civil war in 2011. The ongoing protest in Libya has led to the closure of two export terminals and an entire oil field. Frequent disruptions in the MENA region has led to North America leading the […]
Japan International Cooperation Agency (JICA) has signed an agreement with Tunisia to finance 11 medium-sized loans to Tunisia, while it prepares three other financial agreements to be signed between them. The sealed agreement will produce a financial package of 4,4 million dinars for development projects in Tunisia, according to a source working with the Japanese […]
Saudi Arabia has reaffirmed its dedication to improve its railway transportation system, in partnership with Huawei technologies. Huawei has most recently developed means of road transportation equipped with modern facilities to suit the passenger’s comfort and the train ground wireless networks. Their operation is based on long-term evolution (LTE) technology. An amount of $45 million […]
Muhammad Husain, the director of state own oil Indonesian company, PT Pertamina, has announced the company will be exploiting oil from Algeria in the next few months. This could allow the company to increase its reserve by 100 million barrels per day and additional crude oil output of 23,000 barrels per day. Negotiations are still […]
Qatar will be sending five shipments of liquefied to Egypt as a donation in order to help it reduce the constraints on its industrial sector. The delivery is expected between July and September. The statement which was released by Qatar’s Energy and Industry Minister Mohamed al-Sada didn’t precise the quantity. Egypt’s natural gas shortage is […]