Headlines International

Turkey: Authorities blame ISIL for Ankara twin attacks

Turkish security authorities said Sunday first indications of the investigations suggest that ISIL was behind the deadly twin bomb-blasts that disrupted a peaceful demonstration in the Turkish capital on Saturday. Initial signs suggested ISIL was behind the attack which bore a striking similarity to a July suicide bombing in Suruç near the Syrian border, also […]

Headlines International

Refugee crisis: “We need free money to handle influx of refugees, not loans,” Lebanese official

Top official of the Lebanese Ministry of Finance warned that the country may collapse if the international community does not assist economically countries taking in refugees. “The support has to be through grants. It cannot be loans,” said Alain Bifani, director general of the Lebanese finance ministry. “As long as we can, we will turn […]

Business Headlines Mauritania

Mauritania Pelagic Sells 23 % of its Shares for € 20 million

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 […]

Algeria Headlines

Algeria: “Family succession to power, not possible in Algeria”, former PM

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 […]

Headlines Libya

Libya: Mitigated responses to deal on Government

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 Energy Headlines

Egypt seeks to get $1.5bn loans before 2016

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 […]

Africa Headlines Morocco

Morocco: King urges lawmakers, parties to honor their commitments to voters, to avoid political bickering

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 […]

Africa Energy Headlines Morocco

Morocco-US: Atlanta to host second Trade & Investment Forum

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 & […]

Headlines Tunisia

Tunisian Civil Groups Win 2015 Peace Nobel Prize

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 […]

Egypt Headlines

Egypt: Dwindling reserves leading to Pound devaluation

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 […]