First Independent Mena Newspaper
Bidding announced by the Egyptian Natural Gas Holding Company (EGAS) to sanction the importation of Liquefied Natural Gas (LNG) by the private sector for first time in Egypt has expired although some major oil and gas companies withdrew. Companies such as British Petroleum, Royal Dutch Shell, the Kuwaiti Kharafi Group and Taqa Arabia, a subsidiary […]
When the 26-year-old fruit vendor, Mohammed Bouazizi – after being slapped around by local authorities one time too many – in an act of desperation and protest, set himself on fire in the Tunisian city of Sidi Bouzid, no analyst or politician could have foreseen the wave of regional uprisings that were to follow. What […]
After a one-month suspension, the extraction and exploitation of phosphates in the Gafsa mining basin (south-west) as well as the phosphate washing activities have resumed their normal pace last week. The transport of phosphate and triphosphate via the railway has also resumed starting from Métlaoui (one of the towns on the mining field) towards Gafsa, […]
The country is going through a transition period but its financial limitations has forced the Prime Minister to call for more financial support “before it’s too late” because those that pledged to help have not lived up to expectations. Prime Minister Hamadi Jebali called on the West to come to the country’s aid as he […]
President of the Moroccan banks Professional Grouping (GPBM) and chairman & CEO of BMCE Bank, Othman Benjelloun, was recently elected vice-president of the Union of Arab Banks (UAB). The election took place during the Annual Arab Banking Conference held in Beirut, Lebanon, November 16-17 under the topic: Economic Stability at a Time of Uncertainty. Another […]
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
The annual cultural festival of “Sbiba” which is hosted in Djanet is fast approaching its 4th edition and preparations are well in place as it is also preceded by the 4th edition of the National Festival of Music and Song Targuies which kicked-off on Sunday with most of the artistes coming from the southern region […]
It is common today to associate Salafism with radicalism, nihilist violence and failed states. In fact, Salafism is a heterogeneous religious and political tendency. Salafis agree on the glorification of the early Muslim community, its religious texts, its supposed unity, its energy and moral conduct. However, they differ considerably on the way to revive this […]
In honoring its initial three-year work commitment with Mauritania concerning the Block C19 which is offshore, Chariot oil and gas has handed out a contract to a Norwegian company, Furgo, to do a 3D seismic survey in the area. In a released statement from Chariot, Furgo will be surveying depths ranging from 30 meters up […]
One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]