First Independent Mena Newspaper
Mansour group is planning to sell its supermarket chain, Metro, and discount grocery store Kheir Zaman. Majid Al Futtaim (MAF) has set its eyes on the supermarket in a deal estimated around $200 to $300 million. Egypt’s largest supermarket chain is Metro. It is present in 10 cities with more than 40 outlets. MAF gained […]
At least some 37 foreign workers, who were taken lately hostage by Islamist militants linked to Al Qaeda at a gas plant in Southern Algerian city of In Amenas, were killed during a military operation launched by the Algerian Special Forces to release the captives and retake to the gasfield compound. The identified slain hostages […]
A recent report conducted by the Investors Union stated that approximately 1500 factories in Egypt have either closed or are operating at reduced capacity. Production has been falling since the economic crisis began and the number of factories to close will be increasing especially those importing raw materials to be used in local production. The […]
Negotiations are going on between Tunisia and the International Monetary Fund for a loan programme. The IMF director for the Middle East and North Africa, Masood Ahmed, said he is looking forward for their talks to progress by early February. Negotiations have been going on prosperously between the two parties and Tunisia is hoping to […]
Two years ago, Tunisia’s Jasmine Revolution toppled Zine al-Abidine Ben Ali’s dictatorship and ignited the first flames of what would be called the Arab Spring. At the same time, it kindled Tunisians’ hopes and dreams for a better future, a better Tunisia where democracy, freedom and social justice will prevail. Two long years have elapsed, […]
As many as 41 people – including American, British, French, Japanese, Norwegian, Irish and Austrian nationals – are being held hostage by armed Islamist militants after storming a gas facility in Algeria. The gas production facility attacked on Wednesday by the terrorists is located in the town of In Amenas (near the Libyan border). The […]
The national team of Algeria, the “desert foxes”, are preparing for their final test game before focusing on the North African derby against Tunisia in the African cup of nations in South Africa. It will be their last game and it will be against a first division team in South Africa’s league known as the […]
At least eight foreigners, including Britons, Norwegian and Japanese nationals were seized Wednesday in Algeria by Islamist militants in an attack on an oil facility in the south-eastern region of the North African country. The terror attack, which targeted a BP gas plant in the town of In Amenas (near the Libyan border), also claimed […]
Syphax Airlines has decided to tap the aviation market with millions to increase its fleet and their performance. In a recent deal with General Electric Aviation, the company has decided to select CFM International’s LEAP-1A and CFM56-5B engines to power three Airbus A320neo and three Airbus A319/A320ceo aircraft, respectively. The total amount for the order […]
A deal worth €250 million has concluded between Alstom SA and General Electricity Company of Libya (GECOL) to boost Libya’s energy and power supply capacity. The French based company which focuses on the manufacturing of power equipment and trains will be supplying the Libyan general electricity company with equipments for 11 gas turbines. These new […]