First Independent Mena Newspaper
Energy Minister Youcef Yousfi announced that there will be new biddings for the exploration of oil and gas in the “coming weeks”. The state has declared that it discovered 32 oil and gas wells last year. The ‘’In Amenas’’ gas plant attack in 2013 left more than 40 employees dead and has terrorized most of […]
Tunisian authorities are under pressure to reduce the hardship on the population as public protests continue to increase. The government said it is trying to convince the International Monetary Fund (IMF) for half a billion dollar loan in order to take the necessary actions. The looming elections could slow IMF’s decision. Finance Minister Ilyas Fakhfakh […]
North Africa’s aviation companies are engaged in a battle to dominate the skies. The latest move to increase its effectiveness in the skies emanates from Air Algerie. The company boosted its fleet with the signing of three 250 seat Airbus passenger jets and eight 150-seat jets from Boeing, company officials said. The deal is worth […]
The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
Algeria and France have intensified their cooperation at the end of French Prime Minister Jean-Marc Ayrault’s and nine ministers visit to the country by signing 9 partnership agreements. Much of the agreements were focused on economic and trade activities as France position as the biggest investor in Algeria comes under pressure from Chinese investments. Jean-Marc […]
The military backed interim government will be embarking on its second economic stimulus package with an amount of 30 billion Egyptian pounds after allocating 29,6 billion in the first operation. Finance Minister Ahmed Galal said the package will be financed by state funds and aid received from the Gulf States. Egypt’s economy has been on […]
The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report marks the third consecutive time that the reserves have been depleting. Analysts have claimed that the trend will continue till the end of the year. The country’s reserves dropped from $18,6 billion […]
“France must double its trade with Africa,” Hollande called on French business leaders during a major conference of French and African business leaders in Paris on Wednesday (4 December). If France can manage to achieve this, some 200,000 jobs will be created in France over the next five years. Hollande’s comments came ahead of a […]
A Turkish delegation headed by its Energy Minister Taner Yildiz met with Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, in the Iraqi capital to foster bilateral relations which were affected by a deal between Ankarra and the regional autonomous Iraqi Kurdish region. Baghdad has always maintained that all oil deals should be approved by […]
Casablanca Finance City (CFC) and Chartered Institute for Securities & Investment (CISI) have signed on Monday a Memorandum of Understanding on the training of skilled professionals in financial services industry that will promote professionalism and professional standards in this industry in Morocco and throughout the region. The MoU also heralds the launch of two new […]