First Independent Mena Newspaper
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 […]
Tunisian businessmen expressed interest Algeria’s furniture and interior design market and showed their willingness to develop partnerships with their Algerian counterparts in the sector. The director of the Tunisia program of ‘Export to Algeria,’ Riadh Bezzarga, said that the sector is “flourishing” in Algeria and it has a “great potential” to grow especially when the […]
Economic transactions between Algeria and Spain has not seized to increase and it continues “to be more and more important,” according to the Consul General of Spain in Oran, José Manuel Rodriguez. Such fruitful relationships have led to the recent creation of an Algerian-Spanish Trade and Industry Circle (CCIAE) which will be located in El […]
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 […]