First Independent Mena Newspaper
Since the conclusion of a preliminary agreement with Canadian oil and gas exploration and production company Sonde Resources in December, PA Resources (PAR) is still looking for farm-in partners for the Zarat license offshore Tunisia. The two companies hold the joint oil block license north of the Zarat concession, concerning unitization principles for the Zarat […]
Malta-based Michele Peresso Group, best known for its sportswear stores, is planning to open retail outlets in Libya while also expanding into solar energy production. Maltese Prime Minister, Lawrence Gonzi, said that it will be the first time the group goes into Libya’s market during a visit to the group’s Birkirkara head offices where he was […]
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 […]