First Independent Mena Newspaper
As the stand-off in Libya between the two governments continues, Prime Minister Abdullah al-Thinni of the internationally recognized Tobruk government is planning to approach it with a financial perspective. He wants to stop the payment of oil exportations to accounts that are not under its control in order to drain the financial power of the […]
Country Manager Hesham Mekawi of British Petroleum (BP) Egypt has stated that the company will invest more than $12 billion in the country before the end of 2020 to unlock the country’s oil and gas potential. He was speaking at an energy conference in Alexandria. Egypt has been undergoing gas shortages and the government was […]
Canada has announced that its embassy will be limiting its services in the country due to security concerns. There are fears that many other western embassies could also take a similar step as insecurity continues to be a major concern especially with the rising insurgent attacks linked to the Islamists. The British embassy has already […]
21 December has been chosen by the electoral body as the date that will assemble Tunisians at voting stations to elect their new president in the last round of the presidential elections. The last two presidential candidates, Moncef Marzouki and Beji Caid Essebsi, will begin their official campaign on Tuesday 9 December. The ISIE is […]
Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]
The US Automaker Ford became last week the 60th international company to establish regional headquarters in Casablanca Finance City. Ford which has just obtained the CFC status will base the African regional headquarters of its branch, the Ford International Business, in Casablanca Finance City wherefrom it will manage its operations across the continent. The CFC […]
Government forces have once again embarked on airstrikes in Tripoli targeting extremist and paramilitary groups around the surroundings of Tripoli International Airport. The internationally recognized government in Tobruk has already announced in a released statement of Wednesday that it intends “regaining control over Tripoli.” United Nations Support Mission in Libya (UNSMIL) has stated that escalated violence […]
Finance Minister Mohammed Jallab has told Algerians that there is no need for alarm despite the low prices of oil and gas. He said the country is capable of handling such shocks. Algeria is a country that heavily relies on gas exportation. OPEC has decided not to cut its production in order to increase global […]
Ahead of the Presidential elections later on this month, attention in Tunisia has shifted to the parliament’s first session. The newly elected 217 members of the parliament were present to honor the inaugural session which was also marked by a speech by the president of the outgoing interim assembly, Mustapha Ben Jaffar. The parliamentary elections […]
Interior Minister Omar al-Sinki of the Tobruk government that is internationally recognized as the Libyan government has arrived in the United Arab Emirates for a meeting with his homologue Saif bin Zayed Al Nahyan. Speaking to reporters about his mission, the Libyan Minister said he has come to seek for technical, logistical and political support […]