First Independent Mena Newspaper
State-owned aviation company, Egypt Air Holding, will be undergoing a radical restructuring after it lost almost one billion dollar within 4 years. Sabre Airline Solutions, an airline advisory firm in Texas, has been contracted to help the company get back to its heydays. The plan is expected to last for five and half years. Egypt […]
Moroccan and Spanish security authorities have captured seven terrorists, members of a network that recruits women and sends them the Islamic State (IS) in Syria and Iraq. Four people were arrested in the Spanish enclaves of Ceuta and Melilla while the 5th suspect was picked in Barcelona. The Moroccan police caught two others in Fnideq. […]
World Bank’s Regional Director for the Middle East and North Africa, Haleh Bridi, has signaled Egypt that time is running out for it to assure investors that it means business ahead of the 2015 international conference to be held in March. Cairo wants to revive its economy after three years of political turmoil and social […]
Fighting for the control of eastern oil ports have broken out after Fajr Libya launched an operation to “liberate oilfields and terminals.” Last week, President Al Thinni of the Tobruk government said means are being developed to ensure that the payment of oil exportations to accounts that are not under their control be stopped. Fighting […]
Algiers and London have renewed their will to build a long term economic partnership between them at the end of the Algeria-UK Investment Forum in London. Around 500 British businessmen attended it. A closed door meeting between the Prime Ministers of the two countries also dwelled on areas of mutual concern such as security, terrorism […]
As the stand-off in Libya between the two governments continues, Prime Minister Abdullah al-Thinni of the internationally recognized Tobruk government is planning to approach it with a financial perspective. He wants to stop the payment of oil exportations to accounts that are not under its control in order to drain the financial power of the […]
Country Manager Hesham Mekawi of British Petroleum (BP) Egypt has stated that the company will invest more than $12 billion in the country before the end of 2020 to unlock the country’s oil and gas potential. He was speaking at an energy conference in Alexandria. Egypt has been undergoing gas shortages and the government was […]
Canada has announced that its embassy will be limiting its services in the country due to security concerns. There are fears that many other western embassies could also take a similar step as insecurity continues to be a major concern especially with the rising insurgent attacks linked to the Islamists. The British embassy has already […]
21 December has been chosen by the electoral body as the date that will assemble Tunisians at voting stations to elect their new president in the last round of the presidential elections. The last two presidential candidates, Moncef Marzouki and Beji Caid Essebsi, will begin their official campaign on Tuesday 9 December. The ISIE is […]
Chief Executive Officer of state-owned Sonatrach, Said Sahnoun, asserted that their five-year investment plan will go ahead despite plummeting oil prices. Addressing the ninth North Africa Oil & Gas Summit held in Algiers, he also said that the exploitation of shale oil for production is scheduled for 2022. Analysts believe that the global slumping of […]