First Independent Mena Newspaper
The five-member coalition of opposition parties announced on Thursday that they will go ahead with their Saturday protest march against the controversial Economic and Financial Reconciliation Bill after a meeting with Prime Minister Essid. After the coalition said the Prime Minister endorsed its march, Interior Minister Najem Gharsalli said before the deputies that the information […]
International Monetary Fund Director General Christine Lagarde voiced the international financial institution’s determination to support Tunisia in a “widened partnership” and renewed her confidence in Tunisia’s ability to face its challenges. Lagarde who arrived in Tunisia on Tuesday for a two-day working visit, her second to the North African country since she took office, made […]
“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]
Morocco’s economic capital city of Casablanca hosted during the past few days (Sept.1-2) an important business aviation show which gathered nearly 60 exhibitors including major world operators in the industry. The event, organized by the Middle East and North Africa Business Aviation Association (MEBAA) and F&E Aerospace, was an opportunity for visitors, particularly CEOs and […]
It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the two countries, German automaker Volkswagen is believed to have finally picked Morocco to install its new plant following suit of French groups Renault and Peugeot-Citroen. According to sources close to […]
The Tunisian cabinet held a meeting on Wednesday to discuss the five-year socio-economic plan that will serve as a guideline and framework of the post-revolution development plan. The government hopes that the implementation of the plan due to begin next year will pave the way for the country to be part of the world’s emerging […]
The semi-autonomous Kurdish government in Iraq has been selling oil to Israel in defiance to Baghdad because the state does not officially recognize Israel. In a report published by Financial Times on Monday, Israeli refineries and oil companies received an average of around 240,000 barrels per day between May and August which amounts to almost […]
The first Economic Forum of Tunisian Expatriates organized by the Office of Tunisians Abroad (OTE) opened in Tunis on Thursday with the hope of promoting networking among Tunisians living abroad and encouraging investment in the country. Speaking at the opening ceremony, the Secretary of State in charge of Immigration and Social Integration Belgacem Sabri said […]
The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]
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 […]