First Independent Mena Newspaper
The Egyptian defense minister, Abdel Fattah al-Sisi, warned on Sunday that the army would not hesitate to intervene if violence broke out in the country during the planned rally, and that the armed forces has the obligation to do so to stop Egypt from plunging into chaos. He also criticized those who make anti-army statements. […]
The opposition calls for the resignation of president Morsi on the June 30 and organize a rally in Cairo today. The Islamist parties have also decided to organize a rally under the banner a “million-man march to protect the revolution”. A statement released by the headquarters of the Muslim brotherhood referred to it as a […]
Orascom Telecom has announced that it will be dropping its bid to take over Wind Mobile Canada, under the Investment Canada Act, despite its strong interest in the company after discussions with Canada’s federal government. Wind Mobile Canada is among the rising companies trying to challenge the main cellphone wireless carriers in Canada. In the […]
With the upcoming presidential elections scheduled for next spring, Algeria seems to be heading toward a direction with uncertain outcomes. President Bouteflika who has ruled the country for 14 years, spanning 3 terms in office has made a recent appearance albeit in photographs, after more than 18 months of absence while undergoing medical treatment in […]
In a move to bring Egypt’s growth back to its pre-revolution era, Investment minister Yehya Hamed declared that he was ready to negotiate with businessmen close to Mubarak who fled Egypt during and after the revolution. The goal is to bring the economy to a 7% annual growth rate, allowing the country to breathe. According […]
A research study by Thomson Reuters has concluded that Islamic finance in Tunisia can grow, and claim at least 25% and up to 40% of the financial sector in 5years, if the required policies are implemented. Islamic finance has previously not been popular in the country because it has been neglected by the previous regime. […]
The production of oil in the leading oil production country in Africa has suffered a drastic decline since its civil war in 2011. The ongoing protest in Libya has led to the closure of two export terminals and an entire oil field. Frequent disruptions in the MENA region has led to North America leading the […]
Japan International Cooperation Agency (JICA) has signed an agreement with Tunisia to finance 11 medium-sized loans to Tunisia, while it prepares three other financial agreements to be signed between them. The sealed agreement will produce a financial package of 4,4 million dinars for development projects in Tunisia, according to a source working with the Japanese […]
The High Representative of the European Union for Foreign Affairs, Catherine Ashton has described Morocco as “a key partner of the European Union” and hailed the constructive role played by the North African nation on the international scene “to resolve instability in the Sahel and in Syria”. Ashton, who met lately in Brussels with Moroccan […]
Egypt is not ruling out military options to halt the construction of a dam on the Blue River Nile by Ethiopia. The Nile is being diverted 500 meters from its natural course for the construction of a hydroelectric plant, Grand Ethiopian Renaissance Dam, worth $4,2billion and capable of producing 6,000 megawatts at full capacity. Egypt […]