First Independent Mena Newspaper
Algeria is trying to balance its finances as its economy continues to struggle due to the low global oil and gas prices that are affecting countries heavily dependent on such revenues. A source close to the North African country’s Central Bank hinted that the authorities at the bank let the Algerian dinar to depreciate against […]
The Israeli cabinet approved the deal signed between Israel and a consortium including U.S. firm Noble Energy on the production of natural gas at the offshore Leviathan field located in the Mediterranean amid criticisms that it is detrimental to the interest of the average Israeli citizen because the conditions of the deal do not encourage […]
Tunisian lawmakers have criticized at a plenary session the 2015 supplementary finance bill saying that is does not match the aspirations of the Tunisian people. While the majority of Tunisian lawmakers threw their support behind the anti-terrorist bill last week, the MPs were very critical of the supplementary finance bill discussed at a parliamentary plenary […]
Oil Minister Sherif Ismail has announced that the payment of Egypt’s debt to foreign oil companies will be delayed by six months thereby pushing the deadline to the end of next year after Egypt had promised to repay all its debt by mid-2016. He also said there will no longer be oil grants from the […]
US Secretary Of State John Kerry announced Sunday in Cairo the normalization of relation with Cairo despite a long spell of confusion following the overthrow of first democratically elected President Mohamed Morsi and the poor human right record of al-Sisi regime. At a joint press conference with his Egyptian counterpart Sameh Shukri, Secretary of State […]
In the pipeline now for two year, the first Chinese-African Business Entrepreneurs Summit destined to better relations between China and Africa will be held in the Moroccan second largest city Marrakech November 6 -7. China’s presence on the African continent is fast growing and occupying a major place in the continent’s economic partnership with the […]
France’s foreign Minister Laurent Fabius was in Iran on Wednesday for a one-day landmark visit during which he extended President Hassan Rouhani an invitation from ¨resident François Hollande to visit France in November. Paris adopted a tough position against Iran during the negotiations for the nuclear agreement but Fabius is confident that his “important trip” marks the […]
China’s Hudong-Zhonghua company, a wholly owned subsidiary of China State Shipbuilding Corporation, is building a second C28A corvette for the Algerian navy, reported IHS Jane’s Navy International in its latest issue. The Defense, security and intelligence magazine published a photo showing the Algerian warship docked at the Chinese shipyard. The furtive vessel has already been […]
While the inauguration of the New Suez Canal is just about two weeks ahead, Egypt has announced that there are plans to build a third canal. The New Suez Canal, whose construction was launched last year to reduce the country’s unemployment rate and also to boost income, is scheduled to be inaugurated on August 6th. […]
The Algerian army has reportedly received Russian anti-aircraft missile system S-400, designed to intercept and destroy airborne targets at a distance of up to 400 km, twice the range of the American Patriot missile. If such a delivery is confirmed, the North African country will become the first foreign country to get the S-400 system […]