First Independent Mena Newspaper
Mauritania Pelagic, the largest holding company specializing in production and processing of fish, has sold 23 pc of its shares to international Investments Fund “Hermes-Sojitz” for €20 million. The money derived from the deal will be used for the construction of a modern fishing trawler equipped with 500 tons refrigerated sea water (RSW) tanks. Installing […]
Former Algerian Prime Minister Mouloud Hamrouche Saturday indicated that the Algerian political system outlook and social features do not allow family succession to power in Algeria as rumors indicate that incumbent ailing President Bouteflika is grooming his younger brother to take over him as head of state. “The features of the society and the Algerian […]
The announcement of an agreement between the two rival Libyan governments continues to be applauded by the international community and organizations for it increases the hopes that war is nearing its end. Fayez el-Sarraj would head the transitional government with the help of three deputy prime ministers representing the western, eastern and southern regions. The […]
Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
The King of Morocco has urged the members of Parliament and political parties to shoulder their responsibility and to honor the commitments they made to their voters, to heed their claims and respond to their pressing concerns and to avoid trivial disputes. “Representing the citizens is a great responsibility. It must be shouldered by elected […]
Moroccan and American government representatives and leading businessmen are expected in Atlanta, Georgia, on October 13 to take part in the second edition of the Morocco-US Trade and Investment forum. The gathering aims at promoting investment, trade and partnership opportunities between Moroccan and U.S. companies in the areas of renewable and hydrocarbon energies, aeronautics & […]
The Tunisian national dialogue quartet, a coalition of civil society organizations, has been awarded the 2015 Nobel Peace Prize for its key role in helping the country’s transition to democracy and building a pluralistic society. The quartet is made up of four key organizations in Tunisian civil society: the Tunisian General Labour Union, the Tunisian […]
The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]
Libya has as of October 8, 2015 a new central government after one year of difficult negotiations between rival parties fighting for control over the country since the death of Col. Muammar Gaddafi in 2011. UN Special Envoy Leon announced the UN-proposed Government of National Accord (GNA) which will run Libya for the coming two […]
German Chancellor Angela Merkel openly announced Wednesday that she is still opposed to Turkey’s EU membership despite the EU calling on Ankara for help to ease the refugee crisis putting the European bloc into difficult situation. Merkel has so far been cautious about opposing overtly Ankara but she spat her disdain about the Turkish regime […]