First Independent Mena Newspaper
Doing business in North Africa seems to be very challenging and still largely for the intrepid. The World Bank’s annual survey ‘Doing Business’ provides data on the relative easiness (or difficulty) of running a business around the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive […]
In the context of the Arab Spring, the use of the term “Islamism” is very common. The new political elites throughout the North Africa, commonly referred to as the “Islamists”, often talk of replacing the old and more or less authoritarian secular regimes in the Middle East. Journalists also use the term quite excessively and […]
Algeria will be building a new city with the name El-Menia in Constantine, with a budget of $2.4 billion over a 1.2 million sq m development project. The city is designed by Canadian firms Exp and Lemay with the aim of making it a sustainable new community and reducing its carbon footprint as much as […]
Tullow, a multinational oil and gas exploration company headquartered in London, United Kingdom is preparing itself for another drilling campaign in the Islamic Republic of Mauritania. This time around, the company is hoping to begin frontier drilling campaign in Mauritania’s during the spring. It has set its eyes on venturing into new plays in the […]
Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]
A survey done by the Economist Intelligence Unit, a financial agency has been made public and Algeria has been classified as part of the 10 cheapest countries in the world. The survey which took into consideration a total of 131 cities from all the continents of the world was aimed at determining cities where the […]
Tunisia is mingled in chaos and that are fears that it might continue for a long period. Its economy and finance are hardly affected by the current situation. The European Investment Bank (EIB) has shown its intention to help the small and medium sized enterprises in the country. In a statement by Jamel, the chief […]
The European Union has decided to resume fully its development cooperation with Mali and will mobilize some €250 million for this purpose. “The swift adoption by the Malian authorities of a transition roadmap to restore democracy and stability has opened the door for lifting the precautionary measures taken after the coup d’état of March 2012 […]
A Turkish company will invest $700 million in an Iraqi steel plant to upgrade its production capacity to 1 million tons per year. Under the 18-year deal with the Iraqi ministry of Industry and Minerals, the Turkish company will rehabilitate and develop the iron and steel plant located in the Khor Al-Zubair, in Basra, that […]
Officials from the United States and Algeria held a meeting in Algiers this February 10-11 to consult on ways to strengthen their cooperation in struggle against nuclear smuggling, the U.S. State Department announced in a press release. The discussions that furthered a first round of bilateral consultations initiated in January 2012 also addressed border security. […]