First Independent Mena Newspaper
International Finance Corporation (IFC), a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to promote financial services and encourage economic development across the country. IFC’s investment will help Fawry embark on expanding its network of payment terminals across the country to make […]
The King of Morocco has urged Muslim nations to address the endogenous reasons behind the crises facing the Muslim world rather than justify these crises by external factors. The Islamic world should stop justifying crises by casting all the blame on external reasons or factors, instead of addressing endogenous causes, underlined King Mohammed VI in […]
Plans are underway to generalize fiber optic connections between all industrial areas and business parks in Algeria and telecommunication operator Algérie Télécom will be supported in its investments efforts to carry out the plans. The announcement was made by minister of post and ICT, Moussa Benhamadi, during the signing ceremony of a Framework Agreement between […]
Germany’s Lufthansa and its subsidiary Austrian Airlines have halted flights to Tripoli due to insecurity in Libya, a spokeswoman said on Tuesday. The decision came as a preventive move to avoid any eventual attack from armed men who have declared European interests, companies and citizens as “enemies.” The company started operations in Libya barely a year ago after […]
U.S. military had planned few years ago airstrikes against Algerian Jihadist Mokhtar Belmokhtar but the U.S. ambassador to Mali at that time opposed the plan, saying such action could trigger a backlash against Americans, reported the Washington Post. This Algerian terrorist, an Afghan war veteran, was closely watched by the U.S. intelligence military across the […]
Low cost airline Jetairfly, which merged with Jet4you, has announced the launch of new routes between the Netherlands, France and Morocco. These new flights will enable European passengers to travel from Nantes to Casablanca, Paris-Orly to Rabat, Toulon to Oujda and from Rotterdam to Tangier. Thanks to these new affordable connections, travelers will have the […]
Moroccan authorities have approved an agreement between San Leon Energy, Serica Energy and Longreach Oil and Gas on the one hand and Cairn Energy, on the other. The announcement was made last week by San Leon Energy which said the assignment of interest in the Foum Draa offshore licence in Morocco was part of the […]
Italian oil company Eni has started gas production in the Algerian Menzel Ledjmet East (220 km southeast of Hassi Messaoud) despite security fears exacerbated following last month hostage crisis that ended in a bloodbath in the North African country. Indeed, some 40 foreign workers, who were taken hostage by Islamist militants linked to Al Qaeda […]
Libya has called on Saudi economic operators and financiers to invest in the North African country mainly in the oil and gas industry sector. The call was launched by visiting Libyan oil and gas minister, Abdulbari Ali Al-Arousi, at a meeting with executives of the Saudi Eastern Chamber of Commerce and Industry. The Libyan official […]
The Federation of Egyptian Chambers of Commerce asserted that business is back to Normal in Port Said after the deadly riots that shook the city last week. The Riots in which 40 people were killed erupted following the death sentences pronounced against 21 defendants sued for the killing of at least 72 Ahly football team […]