First Independent Mena Newspaper
Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]
Algeria’s Energy Minister Youcef Yousfi has given assurances that the country’s oil and gas production decline did not require worries during an energy conference held in western Algerian city of Oran. His latest statement came as gas production reached growth level for the first time since the 2013 In Amenas plant terrorist attack. The developments […]
The turnover of the sector of information and communication technology (ICT) in Morocco jumped from € 750 million in 1999 to € 3 billion in 2013, revealed the National Agency of telecommunications Regulation (ANRT). The sector has thus become the biggest tax-payer in the country and grabs much of the foreign direct investments injected in […]
President Abdel Fattah al-Sisi has spent 100 days in office marked with daring economic reforms that his predecessors have avoided as politically-risky reforms. The reforms could attract foreign investors who have stayed away from the country due to the political crises that the country has been experiencing. Bryan Carter, lead portfolio manager for emerging debt […]
Casablanca Finance City or CFC has won 11 positions in the new ranking of the Global Financial Centers Index (GFCI) released on Monday at a ceremony hosted by the CFC authority in Casablanca. With this new ranking of 83 financial centers, Casablanca Finance City has moved up from the 62nd place it held last March, […]
Ordinary operations are to begin at the In Amenas gas plant more than a year after the terrorists stormed it. The return of the companies came on the brink of intensified security measures to prevent another deadly terrorist attack. The announcement by Statoil to return to the plant will serve as a major boost to […]
Discussions between President Abdel Fattah Al-Sisi and his Minister of Supply and Internal Trade Khaled Hanafy during the weekend centered to plans that will ease the international wheat dependency burden of Egypt. Reports stated that the projects that were earmarked during their closed door meeting are three “major” internal investment plans. The plans are complimentary […]
The mood is defiant in the streets of Buenos Aires after Fitch Ratings and Moody’s Investors Service declared today Argentina in default on some bonds for the eighth time in its history. This follows Standard & Poor’s Ratings’ Services cutting its credit rating on the the South American nation’s foreign-currency sovereign debt to “selective […]
Chinese operators and firms have started looking towards Morocco for new locations of their businesses or production units. The Chinese Shandong Shangang group, a world leader in the manufacture of steel products, is one of these groups which decided to set up a unit in the Tangier free zone in Northern Morocco. A memorandum of […]
Morocco’s leading telecommunications group Maroc Telecom or IAM seems upbeat about its growth in 2014 as the financial results for the first half of the current year showed a slight increase compared to the same period last year. The company’s turnover actually reached 14,564 Billion Moroccan dirhams to 14,468 Billion during the same period of […]