First Independent Mena Newspaper
The terrorist bombing that hit lately French embassy in Tripoli has tested the Libyan security apparatus and showed its vulnerability as the North African country is experiencing a turbulent and shaky transition after years of autocratic rule under Gadhafi regime. The attack comes as the new Libyan government is battling to disarm the militias which […]
Planning minister al-Araby claimed that the economy will grow by 3.8% in 2013, while Finance minister Al-Mursi al Sayed Hegazy presented in parliament measures geared towards saving more than $5 billion as part of their annual budget prospects. Ministers are presenting prospects of their ministries for the 2013-2014 budget to the upper house of parliament […]
Morocco and the European Union have started in Brussels the first round of talks for a free trade agreement (FTA) that will enhance further economic integration and trade ties between the two partners. Trade between Morocco and EU is worth over € 26 billion and an FTA will raise this trade relationship to a new […]
Tunisian Jews and others from around the world are getting ready for the pilgrimage, beginning on Friday, to the El Ghriba Synagogue for their annual festivities, to celebrate the end of Passover. The synagogue is on the island of Djerba and it’s considered to be the oldest in Africa. The pilgrimage to the island has […]
A Chinese delegation composed of investors and businessmen is currently on a visit to Egypt to seek new ventures. The delegation paid a visit to the industrial and investment area in Giza’s Abu Rawash. Giza is considered to be a valuable zone for business. The delegation was accompanied by the Chinese ambassador to Egypt Song […]
The first phase of the drilling campaign of Hassi Bir Rekaiz perimeter, carried out by the National hydrocarbon company Sonatrach in partnership with Thai company PTTEP and Chinese CNOOC, resulted in oil discovery in three wells, in a statement released by Sonatrach. Nine wells were drilled by the three companies at the Hassi Bir Rekaiz […]
Sanofi-Aventis pharmaceutical group has opened a state-of-art logistics hub in Casablanca, Morocco, giving a new impetus to the thriving pharmaceutical industry in the North African nation. The facility, built over a 12,000-sq/m2 zone, cost the Paris-based company an investment of 20 million euros. It will handle 1,300 products destined for local market and for export […]
Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]
An Algerian delegation headed by the Minister of Industry, SME and Investment Promotion Cherif Rahmani has met with members of the Confindustria, the Italian employers’ association, to discuss investments opportunities offered by Algiers. During the meeting in Rome, Algeria presented the privileges offered to foreign investors, the government’s plan to develop renewable energy and the […]
The government in Tunis has decided to reduce its 2013 economic growth expectations after another evaluation. The previous 4,5% economic growth forecast has been reduced to 4%, because authorities believe the situation in Tunisia and the ongoing crisis in Europe will make it difficult to attain. Without pointing out any specific event within the borders […]