First Independent Mena Newspaper
The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]
Etisalat has announced that 20% of its stakes will be available to foreign individuals and institutions but a date has not been set yet for acquisitions. It will be the first time that foreign investors will have shares in the company. The company operates in around 18 countries across the Middle East, Africa and Asia. […]
Suspense has been building over the past few weeks about whether the French automaker PSA Peugeot Citroen would build a factory in Morocco or not. The suspense was finally dispelled on Friday. Morocco and the French firm have actually signed the accord under which PSA will build a factory in the North African country in […]
Turkish top business entrepreneurs on Wednesday met with Turkish politicians to urge them to overcome their differences and form as soon as possible a coalition government that will help solve many problems. A delegation of managers, members of the EU-Turkey Joint Consultative Committee, led by the head of the Turkish Union of Chambers and Commodities […]
Saudi Arabia, the world’s largest oil producer, has opened Monday for the first time its stock market to foreign investors in a bid to attract more international capital to help the country diversify its economy and reduce its heavy dependence on oil. The stock market liberalization move comes following the sharp fall in oil prices […]
Moroccan-Senegalese cooperation is gaining momentum in all fields as shown by the impressive number of agreements sealed by the two countries during the visit King Mohammed VI paid this week to Senegal. A total of thirteen landmark cooperation agreements were signed under the watch of President Macky Sall and the Moroccan monarch, both eager to […]
The French carmaker PSA Peugeot Citroen plans to open a plant in Morocco to meet the needs of the Maghreb and other African markets, a source close to the group said, confirming the information published earlier by Bloomberg. The project that could be formalized early June will have an initial capacity of nearly 100.000 units. […]
The World Economic Forum on the Middle East and North Africa will be held in Jordan 21-23 May under the theme: “Shaping a New Strategic Context”. The WEF on MENA, 9th of its kind in Jordan and the 16th meeting in the region, will bring together more than 800 government, business and civil society leaders […]
Prime Minister Abdelmalek Sellal’s said his four-day official visit to China has ended with “satisfactory” results with feelings that it will lead to a “new impetus” in the ties between the two countries especially in the economic sector. Algeria wants to diversify its economy and is hoping that it could learn from the Chinese experience […]
Oman and Spain have signed a joint partnership fund agreement that will help the two countries to use the Middle Eastern country as a center for their expansion plans. A €200 million joint investment fund was signed between Compañía Española de Financiación del Desarrollo (Cofides) and Oman’s State General Reserve Fund (SGRF) with both parties […]