First Independent Mena Newspaper
With its economy showing no sign of recovery and the inflation on the rise, Jones Lang LaSalle has stated that property prices have been escalating especially in two large well known Cairo satellite cities; New Cairo and 6th of October City. In its latest report, the two cities have witnessed an average price rise of […]
It was not a joyful day at the Egyptian Exchange just like any other day since the beginning of the week. Tuesday was among the worst as losses continue to increase with the Egyptian Exchange (EGX) 30 benchmark index dropping by 1.95% to reach 5,129 points at the end of the session compared to 5,231 […]
A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]
The Tunisian ministry of transport has announced and made public on Thursday the information that the railway from the Redeyef mine has begun service since the 19th of this month. The railway transports phosphate from the mine site but has been laying idle for almost two years. It is run by the state owned Tunisian […]
In a gloomy economic environment, Morocco turned its eyes from Europe and opened its hand towards the South, wanting to free itself from the shackles and chains locked by trade agreements with a self-centered Europe. According to African countries, the EU uses its quotas and standards as leverage against them. The recent African tour led […]
Despite the surging interest, Libya continues to close its door to foreign banks on the basis that the legal framework is still under preparation. One of the latest banks to have its request rejected on numerous occasions by the Libyan Monetary Authority (LMA) is the National Bank of Egypt (NBE) according to reports. The NBE […]
The European Union has made a contribution of approximately €20.8 million to the payment of February’s salaries and pensions of almost 82,000 Palestinian civil servants and pensioners in the West Bank and the Gaza Strip and called on all other donors to provide their promised financial support to the PA, a press release announced on […]
Noaukchott is hosting the 11th session of the Algerian-Mauritanian follow-up Committee in preparation for the 17th High Joint Cooperation Commission co-chaired by Prime Minister Abdelmalek Sellal and his Mauritanian counterpart Moulay Ould Mohamed Laghdef. One of the hottest issues on the table is the revision project of the 1996 trade agreement proposed by the Algerian […]
After more than three years of limited business transactions between Algeria and Egypt due to the heavily contested FIFA World Cup qualifying match which was won by Algeria in 2009, businessmen in Egypt are willing to have a renaissance. They are planning on establishing an industrial zone within Algeria in an attempt to create and […]
If Egypt has declared that it’s no more interested in International Monetary Fund’s (IMF) loan, Tunisia on the other hand has not ruled out its emergency loan which is on standby. However, planned protests and strikes for the following weeks might jeopardize the Tunisian government’s ability to overcome its shaky finance and at worst, its […]