First Independent Mena Newspaper
The US navy has launched on Tuesday for the first time the X-47B drone from the USS George H.W. Bush nuclear-powered aircraft carrier. The first 65-minute test flight of the remotely piloted combat aircraft, from the carrier at sea to the Navy’s “Pax River” test site ashore, has enabled to validate among others the flight […]
Security issues and fight against terrorism were at the center of a phone conversation earlier this week between US President Barack Obama and Morocco’s King Mohammed VI. “The two leaders discussed the importance of continuing to deepen our bilateral cooperation, especially on regional security matters of mutual concern,” said a press release issued by the […]
The International Monetary Fund (IMF) has announced that it will be holding back on negotiations for the $4,8billion loan to Egypt, because the country’s financial situation is worsening. It has decided to only continue with talks when it receives updated economic information and reform plans from the government. The freezing of negotiations which have been […]
By Rabia Elkotbi Despite the crisis that hit the tourism sector worldwide, Morocco has not shoved its projects in a drawer. On the contrary, Morocco is launching new projects and hunting for new investments to attract greater numbers of tourists, not only from Europe, its traditional market, but also from the Gulf and Asia, especially […]
Energy and Mining Minister Youcef Yousfi has said that the government will be dedicating more than $1,264 billion to its renewable energies program by 2030. The billion dollar investment is aimed at deriving more than 30% of the country’s energy consumption from renewable energies and to overcome the power outages which occur mostly during summer. […]
The Kuwait Fund for Arab Economic Development (KFAED) and the Tunisian government have signed a loan agreement of $88 million. The loan will help develop a transmission and distribution network of natural gas produced locally. Minister of Development and International Cooperation Lamin Al-Dughry signed the loan agreement while the Chairman of the Tunisian Company of […]
State-owned Sonatrach and Anadarko Petroleum Corporation have finally started production at the El Merk oil complex located in the Sahara desert of Algerian territory. The beginning of production at the $4,5 billion is a sign of relieve for the country’s hydrocarbon sector which was marred by a brutal hostage scenario at the beginning of the […]
Japan will build Turkey’s second nuclear power plant to be located in the Sinop province, northern Turkey, on the Black Sea. The contract worth $22 billion was signed last week in Ankara by the two countries’ Prime Ministers Recep Tayyip Erdogan and Shinzo Abe. The plant to have four reactors with a combined capacity of […]
Back in 2012, Issad Rebrab was listed as a potential candidate to Algeria’s presidential elections initially scheduled for April 2014 and press reports had then said that the man had already set up a campaign team made up of former cabinet members, businessmen and media figures. Last week, after President Abdelaziz Bouteflika suffered a stroke […]
Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]