First Independent Mena Newspaper
As Tunisia is at grips with a seemingly inextricable political situation, rating agencies continue to reduce its standings, in an unnecessary additional evidence that the country’s economy is not faring any better than politics. The latest of these agencies is Standard & Poor’s Ratings Services# which lowered Tunisia’s long-term foreign and local currency sovereign credit ratings […]
Longreach oil and gas limited, an independent oil and gas company holding exploration and near term development licences in Morocco, announced earlier this week that it has completed its 2D seismic program on the operated Sidi Moktar Licence, near Marrakesh, onshore Morocco. The program was completed according to the scheduled deadlines and budget, the company […]
Tunisian Prime Minister Hamadi Jebali announced on Monday that his proposal to form a technocrat cabinet to bring the country out of the deadlock has fallen short. Following the second round of negotiations with some 15 political parties on his initiative to form an apolitical cabinet of technocrats, Jebali was quoted by Tunisia’s official news […]
German Siemens Company has won contracts worth 100 Million euro in Libya wherein the global energy corporation will provide services, carry out inspection and maintenance works in two power plants located in the cities of Khoms and Ruwais. These contracts, awarded by the General Electricity Company of Libya (GECOL), will enable Siemens to overhaul and […]
Work will soon begin on the Ain Amenas facility which came under a fatal terrorist attack and hostage situation last month. The Algerian gas complex which is jointly managed by British petroleum (BP), Algeria’s Sonatrach and Norway’s Statoil might partially begin operations next week according to an official from sonatrach. Abdelhamid Zerguine, the head of […]
According to the analyses of the president of Canada’s International Development Research Centre (IDRC), David Malone, the 4.8 billion International Monetary Fund (IMF) loan is insufficient to end to end Egypt’s economic woes. President Malone is in Cairo when he said that what Egypt needed is not a “western tailored” development model. Malone, a renowned […]
A day before the official commemoration ceremonies begin in the country to mark the National Shaheed (martyr) Day observed on the 18th of February, the town of Annaba has already got the ball rolling. In a ceremony attended by the Minister of Mujahedeen (Liberation War veterans) Mohamed-Cherif Abbas, Annaba commemorated the day in style with […]
Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]
A survey done by the Economist Intelligence Unit, a financial agency has been made public and Algeria has been classified as part of the 10 cheapest countries in the world. The survey which took into consideration a total of 131 cities from all the continents of the world was aimed at determining cities where the […]
Officials from the United States and Algeria held a meeting in Algiers this February 10-11 to consult on ways to strengthen their cooperation in struggle against nuclear smuggling, the U.S. State Department announced in a press release. The discussions that furthered a first round of bilateral consultations initiated in January 2012 also addressed border security. […]