First Independent Mena Newspaper
The investment firm Qaala Holding, previously known under the name of Citadel Capital, sold its direct and indirect shareholdings in Pharos Holding for Financial Investments, which amount to 80%, in a deal of 40 million Egyptian pounds ($ 5.3 million). According to the company’s statement, the divestiture is part of its plans to sell non-core […]
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
Fighting for the control of the eastern Es Sider and Ras Lanuf oil ports has started again with between the two rival governments and both sides are claiming that they are having the upper hand. The ports are being controlled by militants loyal to the Tobruk government but Tripoli has been trying to force them […]
The fourth quarter result of the operations of the Tunisian national airline, TunisAir was released. According to figures published by the Tunis Stock Exchange, Gross income of the Tunisian airline TunisAir has reached 1.077 billion dinars ($ 656 million) in 2014, against 1.068 billion dinars ($ 552 million) in 2013, an increase of 0.81%. The […]
The Moroccan banking group Attijariwafa Bank plans to transform its subsidiary Dar Assafaa into an Islamic financial institution according to the group’s CEO. Kettani said that the Attijariwafa Bank Group is transforming its subsidiary Dar Assafaa into a full Islamic bank, with its independent identity. In this context, the banking group belonging to the Royal […]
Prime Minister designate Habib Essid seems convinced that the newly formed cabinet will get the vote of confidence from the parliament as he signaled that “we have no more time to lose, we are in a race against the clock.” The Ennahda Islamist party has finally joined the cabinet where it is holding a ministerial […]
The political events that unfolded in Tunisia this week show that the mandate of the next government will be full of challenges and tough decisions. The Prime Minister-designate Habib Essid was forced to postpone the presentation of his cabinet to the parliament for approval because of uncertainty on whether he will be able to get […]
A group calling itself the “Islamic State in Tripoli Province” has released a video message claiming that it carried out the attack on the Tripoli hotel which killed ten people. The attack was motivated by the death of Abu Anas al-Libi under US custody at the beginning of the year. The group has warned of […]
Celebrations of the Fourth anniversary of the Egyptian uprising on Sunday were marred by violence which continued till Monday and has left dozens of people dead. Most of the confrontations are believed to be between supporters of the banned Muslim Brotherhood and the security forces. Cairo has however alleged that statements from foreign governments and […]
The presentation of Prime Minister-designate Habib Essid’s cabinet to the parliament has been delayed less than 24hours before the scheduled time. The decision was made due to a possibility that his proposed government will fail to get the required 109 votes. The parties against Essid’s proposals are claiming that his cabinet does not represent a […]