First Independent Mena Newspaper
A statement released by United Kingdom’s foreign ministry has stated that the government, in partnership with several international financial institutions, will be holding a Deauville Partnership Investment conference in September. The conference is aimed at promoting investments, trade and supporting new investors in transitional countries marred by the Arab Spring. The European Bank for Reconstruction […]
A fund destined to promote the training of African youth, “Train My Generation,” has been set up on the sidelines of the New York Africa Forum, held in the Gabonese capital, Libreville, June 14-16. The fund with an initial capital of $ 200 million was set up in partnership between the Economic and Monetary Community […]
Muhammad Husain, the director of state own oil Indonesian company, PT Pertamina, has announced the company will be exploiting oil from Algeria in the next few months. This could allow the company to increase its reserve by 100 million barrels per day and additional crude oil output of 23,000 barrels per day. Negotiations are still […]
Qatar will be sending five shipments of liquefied to Egypt as a donation in order to help it reduce the constraints on its industrial sector. The delivery is expected between July and September. The statement which was released by Qatar’s Energy and Industry Minister Mohamed al-Sada didn’t precise the quantity. Egypt’s natural gas shortage is […]
Essam al-Haddad, the closest aide to Mohamed Morsi, has lambasted the IMF for worsening Egypt’s situation. He claimed Egypt has satisfied all the required conditions but the IMF continues to delay the deal. He said the government in a bid to finalize the $4,8 billion loan deal has recently included a phased-out subsidies plan and […]
Three important state firms will have their headquarters moved from Tripoli to Benghazi in the drive to give the eastern city more authority. According to a government decree, Libyan Airlines, Libyan Insurance Company and the National Investment Company, as well as the Tripoli-based National Oil Corporation (NOC), will be transferred. The decree has to be […]
Libya could be investing $140 billion on infrastructure, energy, utilities and industry to assure a sustainable future within the next 10 years of the rebuilding process. A major business conference dubbed “Libya Projects 2013” will be organized by MEED, in association with Business Mirror from the 3rd – 5th of June, to verse local and […]
The Governor of the Egyptian central bank, Hisham Ramez, has said that they have converted $2,5billion into 18-month notes and there are ongoing plans to convert an extra $3 billion into three-year bonds. The monies were provided by Qatar as deposits to the bank as part of its efforts to help Egypt overcome its crisis […]
Egypt is considering a U-turn to international bond markets a few days after Morocco capitalized on cheap borrowing costs to reopen old bonds and raise $750 million. Its return will be the first time since the end of the revolution, after the new law allowing the country to issue Islamic-compliant bonds for the first time. […]
Algerian Customs officers and borders agents have discovered lately radioactive waste in three containers shipped from China to Algiers port. According to Algerian local press, the tests carried out on the suspected hazardous merchandise and material found in the containers were indeed radioactive stones and rocks. The containers were imported by an Algerian businessman. Investigators […]