First Independent Mena Newspaper
Egyptian stock markets began the week in a state of stagnation with almost no news to inspire the local market. However, one of the big icons of its market, Orascom Telecom Holdings was nearly taken out of the exchange list after almost 10% of its shareholders were bought out. The delisting of the telecommunication firm […]
The World Bank has voiced support for the efforts made by Algeria to diversify its oil-dependent economy, boost the private sector, improve governance and create job opportunities for the young people & graduates. At the end of a three-day visit to the North African country, WB Vice President for the Middle East and North Africa, […]
Cairo’s central museum located at the Tahrir Square is staring at country’s ancient artifacts degrade to irreversible state due to the lack of funds. Experts have warned that the artifacts are being kept under poor conditions and have called for action. The museum is filled with relics from the prehistoric, Roman and predominantly the era […]
State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African […]
The Shura Council’s last week decision to raise taxes on bank loan provisions has generated discontent from the banking sector, after the amendments were submitted to the legislature without being discussed at the Shura. Banks in the country criticized the move which was initiated by a parliament member from Muslim Brotherhood’s Freedom and Justice Party. […]
The Libyan ambassador to India, Ali Al-Issawi, said they have solicited India’s support in order to learn from its experience in drafting a constitution and rebuilding an economy. Ambassador Al-Issawi said they “are building the system from scratch” and they will need help in certain areas like parliamentary system and local administrative setup. Political figures […]
The National Council of the Istiqlal Party decided on Saturday to withdraw from the Moroccan coalition government led by the Islamist Party for Justice and development (PJD). The decision was not a surprise to analysts who see in it the normal outcome of the fierce and controversial opposition the Istiqlal Party’s Secretary General Hamid Chabat […]
Security issues and fight against terrorism were at the center of a phone conversation earlier this week between US President Barack Obama and Morocco’s King Mohammed VI. “The two leaders discussed the importance of continuing to deepen our bilateral cooperation, especially on regional security matters of mutual concern,” said a press release issued by the […]
The International Monetary Fund (IMF) has announced that it will be holding back on negotiations for the $4,8billion loan to Egypt, because the country’s financial situation is worsening. It has decided to only continue with talks when it receives updated economic information and reform plans from the government. The freezing of negotiations which have been […]
By Rabia Elkotbi Despite the crisis that hit the tourism sector worldwide, Morocco has not shoved its projects in a drawer. On the contrary, Morocco is launching new projects and hunting for new investments to attract greater numbers of tourists, not only from Europe, its traditional market, but also from the Gulf and Asia, especially […]