First Independent Mena Newspaper
Egypt and Dana Gas have reached an agreement after the fruitful intervention of the United Arab Emirates government. Dana Gas was unwilling to supply Egypt with gas due to the outstanding arrears of $160 million. The two parties reached an agreement on Thursday in a “win-win agreement.” Cairo owns foreign energy firms a sum of […]
The 5th edition of the Global Entrepreneurship Summit (GES 2014), which was held in Marrakech (Morocco) from 19 to 21 November, brought together over 3000 entrepreneurs, together with heads of state, high level government officials, global entrepreneurs, small medium enterprises (SMEs), corporate leaders, and young entrepreneurs. The summit, convened under the theme: “Harnessing the power […]
The positive evolution scored by the sector of information technologies in Gabon as evidenced by the launch earlier this year of the 4 generation of mobile telephony services has made of this country a pioneer in Central Africa. Gabon Telecom, one of the most vital internet providers in this Central African nation, was actually the […]
Ambassador Dr. Mohamed Ahmed Kisuule of Uganda was in Pakistan where he met with the Islamabad Chamber of Commerce and Industry (ICCI) to present investment opportunities that assure earnings ranging from 300% to 400%. Pakistani investors are not that much present in Uganda. The Senior Vice President of the ICCI, Muhammad Shakeel Munir, showed interest […]
Algerian and French government officials were gathered at the western city of Oran to witness the opening of a €50 million Renault car factory in Algeria that will produce 25,000 units per year before rising to 75,000 by 2019. The plant is a joint venture and will be producing the ‘Symbol’ model; a saloon based […]
Part of its continuous efforts to promote the automotive sector, Morocco signed last week five performance contracts that will support the deployment of four ecosystems in the automotive sector, namely automotive wiring, automotive seating & Vehicule interior; metal / stamping; and automotive batteries. The contracts, signed on the sidelines of the 4th edition of “Automotive […]
Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]
Algeria’s Energy Minister Youcef Yousfi has given assurances that the country’s oil and gas production decline did not require worries during an energy conference held in western Algerian city of Oran. His latest statement came as gas production reached growth level for the first time since the 2013 In Amenas plant terrorist attack. The developments […]
The turnover of the sector of information and communication technology (ICT) in Morocco jumped from € 750 million in 1999 to € 3 billion in 2013, revealed the National Agency of telecommunications Regulation (ANRT). The sector has thus become the biggest tax-payer in the country and grabs much of the foreign direct investments injected in […]
President Abdel Fattah al-Sisi has spent 100 days in office marked with daring economic reforms that his predecessors have avoided as politically-risky reforms. The reforms could attract foreign investors who have stayed away from the country due to the political crises that the country has been experiencing. Bryan Carter, lead portfolio manager for emerging debt […]