First Independent Mena Newspaper
Ryanair is in talks with Libya, Egypt and Tunisia about their markets after predicting a 3-4% growth this year. The company is Europe’s biggest low-cost airline. Its growth will be slower during this year but expects a passenger increase of up to 82.5 million in the year to March 2014 according to its chief executive […]
Mansour group is planning to sell its supermarket chain, Metro, and discount grocery store Kheir Zaman. Majid Al Futtaim (MAF) has set its eyes on the supermarket in a deal estimated around $200 to $300 million. Egypt’s largest supermarket chain is Metro. It is present in 10 cities with more than 40 outlets. MAF gained […]
The North African derby was settled by a late goal from Tunisia’s wonder boy, Youssef M’Sakni. Algeria proved to be the better side during the game but was unable to make their opportunities count as they continued to dominate possession. Tunisia was forced to make an early substitution after 16 minutes when Issam Jemaa was […]
Following the hostage situation in Algeria, analysts fear that oil and gas future investments are dominated by uncertainty due to fears that investors will be unwilling to venture into its Sahara desert. Some believe that investments won’t be affected because the resources will be too tempting for companies to ignore. Alison Lyall, a security analyst […]
At least some 37 foreign workers, who were taken lately hostage by Islamist militants linked to Al Qaeda at a gas plant in Southern Algerian city of In Amenas, were killed during a military operation launched by the Algerian Special Forces to release the captives and retake to the gasfield compound. The identified slain hostages […]
A recent report conducted by the Investors Union stated that approximately 1500 factories in Egypt have either closed or are operating at reduced capacity. Production has been falling since the economic crisis began and the number of factories to close will be increasing especially those importing raw materials to be used in local production. The […]
Negotiations are going on between Tunisia and the International Monetary Fund for a loan programme. The IMF director for the Middle East and North Africa, Masood Ahmed, said he is looking forward for their talks to progress by early February. Negotiations have been going on prosperously between the two parties and Tunisia is hoping to […]
Two years ago, Tunisia’s Jasmine Revolution toppled Zine al-Abidine Ben Ali’s dictatorship and ignited the first flames of what would be called the Arab Spring. At the same time, it kindled Tunisians’ hopes and dreams for a better future, a better Tunisia where democracy, freedom and social justice will prevail. Two long years have elapsed, […]
When President Barack Obama, in a speech in Cairo University in 2009, pointed to education and innovation as being the mechanisms of progress in the 21st century, these ideas must have resonated in capital cities across North Africa. Although different countries in the region have made various efforts to improve education and innovation and create […]
The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves. This came hours after Qatar announced that it is willing to pump in more money […]