First Independent Mena Newspaper
International Finance Corporation (IFC), a member of the World Bank Group, has announced $6 million investment in Fawry, Egypt’s leading electronic payment provider, in an effort to promote financial services and encourage economic development across the country. IFC’s investment will help Fawry embark on expanding its network of payment terminals across the country to make […]
The King of Morocco has urged Muslim nations to address the endogenous reasons behind the crises facing the Muslim world rather than justify these crises by external factors. The Islamic world should stop justifying crises by casting all the blame on external reasons or factors, instead of addressing endogenous causes, underlined King Mohammed VI in […]
Plans are underway to generalize fiber optic connections between all industrial areas and business parks in Algeria and telecommunication operator Algérie Télécom will be supported in its investments efforts to carry out the plans. The announcement was made by minister of post and ICT, Moussa Benhamadi, during the signing ceremony of a Framework Agreement between […]
Germany’s Lufthansa and its subsidiary Austrian Airlines have halted flights to Tripoli due to insecurity in Libya, a spokeswoman said on Tuesday. The decision came as a preventive move to avoid any eventual attack from armed men who have declared European interests, companies and citizens as “enemies.” The company started operations in Libya barely a year ago after […]
It has been more than a year since Muammar Gaddafi died during the Battle of Sirte, his home town, thus symbolically bringing Libya’s 42-year-long nightmare to its end. Since then, Libya has experienced a relatively speedy transition from Gaddafi’s brutal dictatorial regime to a fledgling democracy when it held, in July 2012, its first free […]
The International Monetary Fund Executive Board has reaffirmed Morocco’s continued qualification to access the Precautionary Liquidity Line (PLL) resources as approved in August 2012. The IMF made the decision after it completed the first review of Morocco’s performance under the economic program supported by the two-year PLL arrangement and after concluding the 2012 Article IV […]
U.S. military had planned few years ago airstrikes against Algerian Jihadist Mokhtar Belmokhtar but the U.S. ambassador to Mali at that time opposed the plan, saying such action could trigger a backlash against Americans, reported the Washington Post. This Algerian terrorist, an Afghan war veteran, was closely watched by the U.S. intelligence military across the […]
Low cost airline Jetairfly, which merged with Jet4you, has announced the launch of new routes between the Netherlands, France and Morocco. These new flights will enable European passengers to travel from Nantes to Casablanca, Paris-Orly to Rabat, Toulon to Oujda and from Rotterdam to Tangier. Thanks to these new affordable connections, travelers will have the […]
Moroccan authorities have approved an agreement between San Leon Energy, Serica Energy and Longreach Oil and Gas on the one hand and Cairn Energy, on the other. The announcement was made last week by San Leon Energy which said the assignment of interest in the Foum Draa offshore licence in Morocco was part of the […]
Italian oil company Eni has started gas production in the Algerian Menzel Ledjmet East (220 km southeast of Hassi Messaoud) despite security fears exacerbated following last month hostage crisis that ended in a bloodbath in the North African country. Indeed, some 40 foreign workers, who were taken hostage by Islamist militants linked to Al Qaeda […]