First Independent Mena Newspaper
The OCP group and its Belgium-based partner Prayon signed last week an exclusive licensing agreement relating to Prayon’s water soluble mono-ammonium phosphate (MAP) fertilizer technology, globally recognized for the quality of its industrial processes in the water soluble fertilizer sector. OCP will exploit the technology in a water soluble MAP fertilizer production plant, which will […]
Egypt might be taking a new approach towards small and medium-sized enterprises (SMEs) in the economic sector after a report was submitted to the National Bank of Egypt (NBE). The report which was overseen by the deputy head of the small and medium-sized enterprises division, Saad Mohyeldeen, has proposed 10 suggestions. The most significant among […]
A security meeting that gathered last week in Rabat the interior ministers of France, Morocco, Portugal, and Spain agreed to enhance cooperation between the four countries’ police and security departments and consequently improve struggle against terrorism, illegal immigration and drug trafficking. The four countries also agreed to upgrade their intelligence exchange cooperation mainly in matters […]
Algerian and Italian companies will set up joint ventures in the housing industry sector as demand continues to grow in the North African country. According to the CEO of INDJAB holding company, Hafid Fassouli, four Algerian-Italian joint ventures specialized in construction and housing will be created soon, in a bid to upgrade Algeria’s construction capacity. […]
Following the repeated attacks of shrines by unidentified individuals, the Tunisian government has decided to adopt emergency measures to protect Sufi Muslim mausoleums, considered as religious and cultural treasures. The latest such attack took place last Thursday when two Sufi mausoleums were torched. Many believe that ultra-conservative Salafist Muslims are behind such acts. The government […]
Relations between the Head of the Government, Abdelilah Benkirane, and the leader of the Istiqlal Party, the backbone of the governmental coalition, Hamid Chabat, are growing more strained by the day. Chabat’s harsh criticism of the government’s performance and his repeated calls for a cabinet reshuffle are the main bone of contention between the two […]
While French troops are treated and greeted in Mali as liberators rather than as foreign occupiers, Egypt’s Islamist president Mohamed Morsi has expressed opposition to France’s military action launched to dislodge the Jihadist fighters linked to Al Qaeda occupying the northern part of the impoverished West African country. “We do not accept at all the […]
Mansour group is planning to sell its supermarket chain, Metro, and discount grocery store Kheir Zaman. Majid Al Futtaim (MAF) has set its eyes on the supermarket in a deal estimated around $200 to $300 million. Egypt’s largest supermarket chain is Metro. It is present in 10 cities with more than 40 outlets. MAF gained […]
At least some 37 foreign workers, who were taken lately hostage by Islamist militants linked to Al Qaeda at a gas plant in Southern Algerian city of In Amenas, were killed during a military operation launched by the Algerian Special Forces to release the captives and retake to the gasfield compound. The identified slain hostages […]
A recent report conducted by the Investors Union stated that approximately 1500 factories in Egypt have either closed or are operating at reduced capacity. Production has been falling since the economic crisis began and the number of factories to close will be increasing especially those importing raw materials to be used in local production. The […]