First Independent Mena Newspaper
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 […]
In fiscal year 2013, the World Bank (WB) has supported 16 projects worth 2.1 billion USD, out of which 1.8 billion USD came from the International Bank for Reconstruction and Development (IBRD) and 249 million USD from the International Development Agency (IDA). 56.4 million USD were committed separately for the West Bank and Gaza. On […]
When in January 2013 the chief of the International Monetary Fund (IMF), Christine Lagarde, attended the 5th international conference of finance ministers and central banks governors of the Maghreb countries, she talked about the necessity of boosting growth and employment within the region, while also reminding the distinguished audience that political issues still constitute a […]
Shortly after Prime Minister Ali Zeidan announced on Wednesday that the Al-Harriga terminal which has a production capacity of 110,000 barrels will resume production and exportation after reaching an agreement with the protesters. Libya’s National Oil Corporation (NOC) published on its website that it has lifted the force majeure on the oil terminal on Thursday. […]
Iraq’s Foreign Minister Hoshyar Zebari will be on a working visit to neighboring Turkey as both countries continue to reinforce their bilateral relations. Ahead of his arrival on Friday, Turkish Energy Minister Taner Yıldız said that they are implementing projects worth billions of dollars in Iraq and willing to continue abiding by its rules. During […]