First Independent Mena Newspaper
The decision of the regulator of the Egyptian market to push further the deadline of the sale of stakes of Qatar National Bank (QNB) has led to the slump of Egypt’s National Société Générale Bank (NSGB) and it has made an impact on the Cairo bourse while leaving the Gulf markets mixed in lackluster trading. […]
Egypt has purchased ten Turkish-made ANKA drones after months of secret negotiations between the two countries before reaching deal, first of its kind after the fall of former President Hosni Mubarak in a popular uprising in 2011. With a 56-foot wingspan, the unmanned aerial vehicle (UAV) has the ability to fly 24 hours at a […]
ADX Energy is in the process of completing two farm outs in relation to its Chorbane permit. The two farm outs are found onshore. The company is seeking for the permit so that it can carry out a seismic acquisition campaign next year. It is therefore working towards getting the permit as early as possible […]
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 […]