First Independent Mena Newspaper
Libya’s unity government yet to be approved issued Monday a decree freezing all state and institutions bank accounts expect for accounts for state salaries. The decree followed a meeting between the Presidency Council, the Central Bank of Libya (CBL,) the Audit Bureau and major banks in an attempt to discuss the urgent financial and economic […]
Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]
Morocco flatly rejects any change or modification of the nature of the United Nations’ role in the handling of the Sahara issue and any plots seeking to bury the autonomy plan which could, as recognized by many world powers, fulfil the aspirations of the people in the Western Sahara to run their own affairs in […]
Moroccan security services have captured last weekend two terrorists tasked with funding and coordinating with jihadists of the Libyan branch of the terror organization ISIS. The two operatives were arrested in Morocco’s economic city of Casablanca and its suburban region of Had Soualem within the frame of the ongoing investigations on Libyan affiliates of ISIS. […]
Algerian Minister of Industry, Abdesslam Bouchouareb has been cited in the Offshore Financial scandal revealed on Sunday by the International Consortium of Investigative Journalists (ICIJ.) Bouchouareb is so far the only Algerian leader to be leaked. According to ICIJ’s cache of 11.5 million records, the Algerian minister owns an offshore company in Panama known as […]
US Republicans Sunday stunned the world as they threw support behind Egyptian strongman al-Sisi calling him “the right man at the right time” to lead Egypt even as the latter is lambasted by right groups and the Obama Administration for the gloomy human rights situation in Egypt. A group of US Republicans led by war-thirsty […]
Tunisian National Guard forces Sunday nabbed 19 people trying to sneak into Libya in view of joining terrorist groups. The men had earlier attempted to join war-torn Libya from Ras Jedir crossing point with no passports but were prevented from doing so. According to a UN working group, more than 5,000 Tunisians are believed to […]
An agreement between Mauritania and Spain to protect and boost mutual investments came into force Thursday enabling both countries to expand economic cooperation. Signed on March 4, this agreement aims at scaling up bilateral economic cooperation. It also enables both countries to protect mutual investments by creating a legal framework for businessmen from both countries […]
France’s Foreign Minister Jean Marc Ayrault Friday urged Libya’s friends to be ready for intervention even militarily if the Government of National Accord (GNA) calls for such intervention. Jean Marc Ayrault’s comments came as GNA led by Prime Minister-designate Faiez Serraj is trying to impose its authority in capital Tripoli, reportedly deserted by its former […]
Italian multinational oil and gas company Eni has sealed a Farm-Out Agreement with Chariot Oil & Gas, which enabled Eni to get operatorship and a 40 pc stake in the Rabat Deep Offshore exploration permits I-VI, Morocco’s offshore. The deal, which still needs approval of the Moroccan authorities, allows Eni to operate in an area […]