First Independent Mena Newspaper
Air British Petroleum (BP) has penetrated the Tunisian aviation fuel sector through a commercial and technical service agreement with Tunisia’s national oil distribution company, AGIL. The agreement allows service coverage at seven airports, namely Tunis Carthage, Djerba, Enfidha, Tozor, Tabarka, Monastir and Sfax. This is the second agreement of this type being concluded by the company […]
Another discovery has been made by Repsol, a Spanish petroleum company. It discovered gas in Algeria around an area not far from the In Amenas plant which was attacked by terrorists in the beginning of the year. Even though the Spanish company is yet to release an official statement to give details about its finding, […]
Latelec manifested its desire to leave the shores of Tunisia, after a heavy loss due to frequent strikes caused by the revolution. An estimated loss of $22,5million has been registered by the French company which is a subsidiary to the group Latécoère. The company has plants in El Meghira and Charguia but the operations have […]
The economic partnership between Algiers and Paris is in the right direction and both partners are willing to improve on it in order to make it more conducive for national and foreign investors. Minister Rahmani is on a working visit to France to improve the cordial business relationship they share. He will be holding meetings […]
Tatneft, a Russian oil company, has agreed to begin its operations again in Libya after the circumstances of the uprising against Ghadaffi no longer permitted its staff to continue with their daily activities at the Mellitah energy complex. The company said that its staff members have begun returning to the plant which is located in […]
Emaar Misr has announced that it will be increasing its investments showing confidence in the Egyptian real estate market which they expect “to recover very soon in the middle to long term.” The company will be having its total investment portfolio stand at EGP 53billion during the course of the year. Presenting their investment plans, […]
With its economy showing no sign of recovery and the inflation on the rise, Jones Lang LaSalle has stated that property prices have been escalating especially in two large well known Cairo satellite cities; New Cairo and 6th of October City. In its latest report, the two cities have witnessed an average price rise of […]
It was not a joyful day at the Egyptian Exchange just like any other day since the beginning of the week. Tuesday was among the worst as losses continue to increase with the Egyptian Exchange (EGX) 30 benchmark index dropping by 1.95% to reach 5,129 points at the end of the session compared to 5,231 […]
A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]
The Tunisian ministry of transport has announced and made public on Thursday the information that the railway from the Redeyef mine has begun service since the 19th of this month. The railway transports phosphate from the mine site but has been laying idle for almost two years. It is run by the state owned Tunisian […]