First Independent Mena Newspaper
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 […]
The decision of the regulator of the Egyptian market to push further the deadline of the sale of stakes of Qatar National Bank (QNB) has led to the slump of Egypt’s National Société Générale Bank (NSGB) and it has made an impact on the Cairo bourse while leaving the Gulf markets mixed in lackluster trading. […]
ADX Energy is in the process of completing two farm outs in relation to its Chorbane permit. The two farm outs are found onshore. The company is seeking for the permit so that it can carry out a seismic acquisition campaign next year. It is therefore working towards getting the permit as early as possible […]
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 country is going through a transition period but its financial limitations has forced the Prime Minister to call for more financial support “before it’s too late” because those that pledged to help have not lived up to expectations. Prime Minister Hamadi Jebali called on the West to come to the country’s aid as he […]
Crescent petroleum, a United Arab Emirates based company is eyeing investments into Libya’s oil and gas sector. The company has no investments of such in Libya but it is no stranger to the sector because it is already active in Iraq and Egypt. The chief executive of the company, Majid Jafar told reporters at the […]
Huge financial challenges lie ahead according to Finance Minister Slim Besbes with estimations pegged around 7 billion dinars. The country is struggling to stand on its feet and it is hoping to raise the amount through loans and aids. The economy and revenue earning ventures are suffering from the effects of the revolution and the […]
Reports from Algeria claim that Egypt has received in the last few days a 53,000 tons shipment of gas from Algeria in a move to ease its energy demands. The shipment is part of a negotiated deal brokered between the Egyptian government and the Algerian petroleum company SONATRACH for the increment of butane gas imports […]
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 […]