First Independent Mena Newspaper
Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]
A survey done by the Economist Intelligence Unit, a financial agency has been made public and Algeria has been classified as part of the 10 cheapest countries in the world. The survey which took into consideration a total of 131 cities from all the continents of the world was aimed at determining cities where the […]
Officials from the United States and Algeria held a meeting in Algiers this February 10-11 to consult on ways to strengthen their cooperation in struggle against nuclear smuggling, the U.S. State Department announced in a press release. The discussions that furthered a first round of bilateral consultations initiated in January 2012 also addressed border security. […]
Libya has received 20 Italian-made PUMA transport and combat vehicles destined to enhance the military and security capacity of the North African nation which is facing major terrorism threats and security challenges posed by armed groups. These armored vehicles were donated by the Italian Armed Forces to the new Libyan army, a gift that will […]
Hamid Chabat, the Secretary General of the Istiqlal Party, has been threatening for months now to withdraw from the coalition government, led by Abdelilah Benkiran’s Party for Justice and Development (PJD), if his repeated calls for a cabinet reshuffle were not heeded. Likewise, he has not missed any opportunity to lash out at the head […]
According to Omran Salem of the Libyan Ministry of Culture and Civil Society who was present at the Cairo International Book Fair agreed that interest is not like it used to be. Other Libyans left before the end of the fair because there were not enough buyers. Salem who sells mainly literature, history and poetry […]
The Islamic republic of Mauritania has received a loan from the Islamic Development Bank to help the government support its health sector. The loan which is at a tune of $16 million will help the country carry on with its expansion projects in the sector where it is hoping to establish health care networks in […]
Bombardier Aerospace, one of the world’s leading aircraft manufacturers, announced it started producing components at a transitional facility in Morocco. “This is a very exciting milestone for us as we start to see our operation in Morocco take form,” said Hugo Brouillard, General Manager, Bombardier Aerospace, Morocco. The group said in a release that 18 […]
The stalled peace talks between the Israelis and Palestinians, the civil war in Syria, Iran’s nuclear program, North Korea, the Arab Spring uprisings, Afghanistan, Iraq and the growing threat from Islamists in North Africa are among the major hot foreign policy issues awaiting America’s new Secretary of State, John Kerry. In addition to the thorny […]
Thousands of angry Tunisians have mourned the assassination of opposition political figure Chokri Belaïd, a prominent opponent of the Islamist-led government of Hamadi Jebali. They took to the streets of the Tunisian capital in a huge march against the killing of the human rights militant who was shot in the head and the chest outside […]