First Independent Mena Newspaper
At the ongoing forum between Italian and Libyan counterparts, the latter has presented possibilities of establishing Italian businesses in the country. Libya is inviting them to invest in the country. On behalf of the government, deputy minister Ali Ahmed Elsaleh told the Italian investors about their plans and hoped that they will take part in […]
Libya’s Afriqiyah Airways has ordered four more Airbus A350-900s planes worth over $1.4 billion as the company prepares its international and regional comeback with competitive services. The carrier has also converted its original order for six Airbus A350-800s into six of the larger A350-900 model bringing up its total order to 10 jets. Afriqiyah Airline, […]
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]
At the end of the Libyan delegation’s visit to Morocco, both counterparts seem to be happy of the outcome of the negotiations to encourage investment. The chief of the Libyan Chamber of Commerce Idriss Omran said there are ongoing feasibility studies and projects to promote investment on both sides. He called on Moroccan investors to […]
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 […]
The modest economic growth made by North African countries during the past decade preceding the Arab Spring did not help them to create enough jobs for the young. In this region, the unemployment rate among the 15 to 24 year-old age group is on average 23 pc, which is three to four times higher than […]
A stronger trade and economic integration among the countries of the Middle East and North Africa is an essential reform that is likely to deliver economic growth on a scale and timetable that would create enough jobs and prosperity for the rapidly growing populations in these countries. “More trade integration would not only create growth […]
Tunisia’s government has blocked the launch of a new airline company dubbed “Jasmin Airways” which was initially set to operate early 2013. The Tunisian ministry of transport did not grant the new airline operating rights, apparently fearing tough competition and seeking to protect flag carrier Tunisair (TU) suffering deep losses. “The creation of Jasmin Airways […]
The EU has issued lately its revised import preference scheme – known as the Generalized Scheme of Preferences (GSP) – for developing countries most in need which will take effect from 1 January 2014. The new list of beneficiaries from GSP does not include North African countries: Algeria, Egypt, Jordan, Lebanon, Morocco & Tunisia. With […]
The revolt that brought an end to Hosni Mubarak’s presidency also prorogued the departure of investors and tourists in Egypt. To regain the 14.5 million visitors that generated 12.5 billion dollars, the actual tourism minister announced that lands will be auctioned for tourist developments. According to him “28 million sq meters will be put on […]