The Egyptian government has accused banned Muslim Brotherhood of tarnishing the image of President Sisi after an audio of almost 6minutes was aired on Mekameleen channel in Turkey. The audio had two voices of which one is alleged to be that of Sisi. The recorded voices were talking about how to obtain money from the […]
Headlines
Tunisia: Parliament votes confidence to the new government
The Tunisian Parliament has met on the 4th februry for the vote of confidence to the new government and its newly appointed prime minister, Habib Essid, who has announced an inclusive coalition government whose members include representatives of the Islamist Ennahda (69 seats in paliament), party and the winner of legislative, Nidaa Tounès (86 seats). […]
Egypt : Qaala Holding divests stake in Pharos at $ 5.3 million deal
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
Egypt: $8.2 billion Suez Canal lane to be inaugurated in August
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
Libya: Rivals fight over eastern ports despite peace efforts
Fighting for the control of the eastern Es Sider and Ras Lanuf oil ports has started again with between the two rival governments and both sides are claiming that they are having the upper hand. The ports are being controlled by militants loyal to the Tobruk government but Tripoli has been trying to force them […]
Tunisia: TunisAir has increased its revenue, Engineers plan strike
The fourth quarter result of the operations of the Tunisian national airline, TunisAir was released. According to figures published by the Tunis Stock Exchange, Gross income of the Tunisian airline TunisAir has reached 1.077 billion dinars ($ 656 million) in 2014, against 1.068 billion dinars ($ 552 million) in 2013, an increase of 0.81%. The […]
Morocco: Dar Assafaa to become an Islamic bank
The Moroccan banking group Attijariwafa Bank plans to transform its subsidiary Dar Assafaa into an Islamic financial institution according to the group’s CEO. Kettani said that the Attijariwafa Bank Group is transforming its subsidiary Dar Assafaa into a full Islamic bank, with its independent identity. In this context, the banking group belonging to the Royal […]
Tunisian PM designate: We are running out of time
Prime Minister designate Habib Essid seems convinced that the newly formed cabinet will get the vote of confidence from the parliament as he signaled that “we have no more time to lose, we are in a race against the clock.” The Ennahda Islamist party has finally joined the cabinet where it is holding a ministerial […]
Tunisia: Nida Tounes versus three opposition parties
The political events that unfolded in Tunisia this week show that the mandate of the next government will be full of challenges and tough decisions. The Prime Minister-designate Habib Essid was forced to postpone the presentation of his cabinet to the parliament for approval because of uncertainty on whether he will be able to get […]
Libya’s Islamic State in Tripoli Province claims attack
A group calling itself the “Islamic State in Tripoli Province” has released a video message claiming that it carried out the attack on the Tripoli hotel which killed ten people. The attack was motivated by the death of Abu Anas al-Libi under US custody at the beginning of the year. The group has warned of […]









