First Independent Mena Newspaper
The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
Senegal has asked French national carrier to remove on its website ads that it will resume flying to the West African country as of June 16. The demand came from the Ministry of Tourism and Air Transport through a letter to National Agency for Civil Aviation and Meteorology (ANACIM), local online media Seneweb reports. The […]
Burundi’s biggest stockbroker, Jackon Simbananiye, better known as Kirahwata, was assassinated less than a week before presidential elections. Jackon Simbananiye was abducted Wednesday evening as he was coming out of a sauna in Bujumbura and his body, still bearing marks and a rope around his neck, was found Thursday morning, May 14, lying in a […]
King Mohammed VI, Supreme Head and Chief of General Staff of the Royal Armed Forces (FAR), commended the efforts made by the various components of the Moroccan Army in the national fight against the spread of the coronavirus in the Kingdom. In an Order of the Day sent Thursday to officers, non-commissioned officers and privates […]
The Polisario leaders are extremely irked by the rising and challenging actions made by “the Movement of Sahrawis for Peace” (MSP), set up lately in Madrid by a group of opponents who have just sent a letter to the UN Secretary-General, Antonio Guterres. The move deals a hard blow to the polisario Front, confirming that […]
The Moroccan embassy in Algeria have branded “fabricated” an alleged statement in which the consul of the kingdom in Oran, Algerian second city, called the oil-rich neighbor, an “enemy country”, Le360.ma news outlet reports. A new dust-up has emerged between Algeria and Morocco after a 1:17-minute video in which Morocco’s consul in Oran, addressing on […]
The containment imposed to limit the spread of COVID-19 costs Africa 2.5% of its GDP, equivalent to $65.7 billion per month, the Economic Commission for Africa (ECA) revealed in a report. Private companies approached by the authors of the report say they are working at only 43% of their potential. These estimates do not take […]
Sudan’s Sovereign Council on Wednesday appointed former Maj Gen. Ibrahim Yassin for the position of Defense Minister in replacement to Gamal Omer who died in Juba in March. The council confirmed the nomination of the former Joint Command and Staff College in Khartoum after he was proposed by the military component of the council. Under […]
President Donald Trump is planning to appoint GlaxoSmithKline executive and Moroccan-born US Moncef Slaoui to lead efforts to develop a coronavirus vaccine, Reuters reported. The US government plans to produce 300 million vaccine doses for the pandemic by the end of 2020 under a plan called “Operation Warp Speed.” Dr Slaoui, 60, joined GlaxoSmithKline in […]
Al Mada Foundation has launched Wednesday another COVID-19 solidarity operation to assist needy households during the holy month of Ramadan. This second phase of the Foundation’s COVID-19 Solidarity operation consists of 1,778 tons of foodstuffs and hygiene products, worth more than 22 million dirhams. It will benefit 50,000 households or approximately 250,000 people. The 50,000 […]