First Independent Mena Newspaper
Algeria-born jihadist Yahya Abu Hamam, emir of al Qaeda in North Africa, has been added by the US to the list of global terrorists for his key role in the group’s terror activities in the Maghreb and Sahel region. Hamam spent 18 months in jail in Algeria for his terrorist activities. After his release, he […]
Tunisian businessmen expressed interest Algeria’s furniture and interior design market and showed their willingness to develop partnerships with their Algerian counterparts in the sector. The director of the Tunisia program of ‘Export to Algeria,’ Riadh Bezzarga, said that the sector is “flourishing” in Algeria and it has a “great potential” to grow especially when the […]
OMV, the Austrian oil and Gas Company which is partly owned by Abu Dhabi, has recently posted a 25 per cent rise in revenues after the revival of its production in Libya which was forced to halt when the uprising gained momentum. The company’s overall oil and gas production increased by 5 per cent last year with much of […]
Libya has announced new oil and natural gas discovery in the Ghadames basin southwest of Tripoli, opening new prospects for the battered economy of the North African country. This new oil & gas find was made by the Libyan National Oil Corporation (NOC) and Algerian state-owned Sonatrach. The discovery consists of one oil field with […]
As Tunisia is at grips with a seemingly inextricable political situation, rating agencies continue to reduce its standings, in an unnecessary additional evidence that the country’s economy is not faring any better than politics. The latest of these agencies is Standard & Poor’s Ratings Services# which lowered Tunisia’s long-term foreign and local currency sovereign credit ratings […]
Longreach oil and gas limited, an independent oil and gas company holding exploration and near term development licences in Morocco, announced earlier this week that it has completed its 2D seismic program on the operated Sidi Moktar Licence, near Marrakesh, onshore Morocco. The program was completed according to the scheduled deadlines and budget, the company […]
Tunisian Prime Minister Hamadi Jebali announced on Monday that his proposal to form a technocrat cabinet to bring the country out of the deadlock has fallen short. Following the second round of negotiations with some 15 political parties on his initiative to form an apolitical cabinet of technocrats, Jebali was quoted by Tunisia’s official news […]
Doing business in North Africa seems to be very challenging and still largely for the intrepid. The World Bank’s annual survey ‘Doing Business’ provides data on the relative easiness (or difficulty) of running a business around the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive […]
In the context of the Arab Spring, the use of the term “Islamism” is very common. The new political elites throughout the North Africa, commonly referred to as the “Islamists”, often talk of replacing the old and more or less authoritarian secular regimes in the Middle East. Journalists also use the term quite excessively and […]
A survey done by the Economist Intelligence Unit, a financial agency has been made public and Algeria has been classified as part of the 10 cheapest countries in the world. The survey which took into consideration a total of 131 cities from all the continents of the world was aimed at determining cities where the […]