First Independent Mena Newspaper
Latelec manifested its desire to leave the shores of Tunisia, after a heavy loss due to frequent strikes caused by the revolution. An estimated loss of $22,5million has been registered by the French company which is a subsidiary to the group Latécoère. The company has plants in El Meghira and Charguia but the operations have […]
The economic partnership between Algiers and Paris is in the right direction and both partners are willing to improve on it in order to make it more conducive for national and foreign investors. Minister Rahmani is on a working visit to France to improve the cordial business relationship they share. He will be holding meetings […]
Emaar Misr has announced that it will be increasing its investments showing confidence in the Egyptian real estate market which they expect “to recover very soon in the middle to long term.” The company will be having its total investment portfolio stand at EGP 53billion during the course of the year. Presenting their investment plans, […]
In a gloomy economic environment, Morocco turned its eyes from Europe and opened its hand towards the South, wanting to free itself from the shackles and chains locked by trade agreements with a self-centered Europe. According to African countries, the EU uses its quotas and standards as leverage against them. The recent African tour led […]
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
Noaukchott is hosting the 11th session of the Algerian-Mauritanian follow-up Committee in preparation for the 17th High Joint Cooperation Commission co-chaired by Prime Minister Abdelmalek Sellal and his Mauritanian counterpart Moulay Ould Mohamed Laghdef. One of the hottest issues on the table is the revision project of the 1996 trade agreement proposed by the Algerian […]
After more than three years of limited business transactions between Algeria and Egypt due to the heavily contested FIFA World Cup qualifying match which was won by Algeria in 2009, businessmen in Egypt are willing to have a renaissance. They are planning on establishing an industrial zone within Algeria in an attempt to create and […]
If Egypt has declared that it’s no more interested in International Monetary Fund’s (IMF) loan, Tunisia on the other hand has not ruled out its emergency loan which is on standby. However, planned protests and strikes for the following weeks might jeopardize the Tunisian government’s ability to overcome its shaky finance and at worst, its […]
Algeria announced on Monday a series of measures to fight the chronic unemployment excluding thousands of Algerian youths from the work market, mainly in the southern parts of the country. The announcement came while anger is growing among these youths who have planned a massive protest demonstration for Thursday and who no longer believe the […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]