Egypt Features Headlines

Underground Egyptian Cell Nabbed in UAE

United Arab Emirates security services have said they disrupted lately an Egyptian Muslim Brotherhood network that “recruited Egyptian expatriates in the UAE” and “received instruction on means of changing leadership in Arab countries”. According to Al-Khaleej newspaper, the group, made of a dozen people including three doctors, held “secret meetings” across the oil-rich country, set […]

Headlines Morocco

Morocco to participate in Nuclear Security Exercise in Spain

Morocco has been invited to take part in a nuclear security simulation exercise to be held in Spain by the end of next year. The exercise, dubbed CURIEX 2013, will be organized by the European Commission and the Spanish Government. Portugal, France, Italy, Belgium, and Israel were also invited to partake in the exercise. The […]

Algeria Headlines

IMF and WB urge Algeria diversification

Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]

Headlines Libya

Libyan oil port closed for 4 days

Operations have been hampered in a major oil port in eastern Libya, Al-Zuweitina oil port after protesters stormed its premises making it the fourth consecutive day that its door has been closed. The Al-Zuweitina oil port receives crude pumped from at least three oilfields in the Libyan desert and handles about 20% of the country’s […]

Egypt Headlines

Egypt pulls debt sale plug

Egypt has decided to call off its first debt sale after a rating cut at Standard & Poor’s raised borrowing costs and as Fitch Ratings warned against delaying an International Monetary Fund loan beyond January. The local currency is continuing on its journey of unprecedented deprecation. The sale which was supposed to take place was […]

Features Headlines Morocco

Will Mohammed Abbadi Succeed in Preserving the Unity of Al Adl wal Ihssane in this Crossroad?

Mohamed Abbadi has been elected earlier this week secretary general of Al Adl wa al Ihssane after the demise of the founder and spiritual leader of the Moroccan outlawed Islamist association, Abdessalam Yassine. Mohammed Abbadi, Yassine’s closest friend who was sometimes called his “Black Box”, will lead the association for a five year term, not […]

Headlines Tunisia

“New Tunisia” sold to Turkish investors

Prime Minister al-Jabali said he was honored when addressing the Sixth Turkey Sectoral Economic Council meeting held at the twin towers of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) in Ankara. Both countries exchanged mutual appreciation and support and acknowledged to work together in widening it by increasing contacts to develop areas […]

Headlines Morocco

Morocco moves to institute unemployment benefits

Moroccan authorities, the employers’ association, CGEM, trade unions and the social security fund, CNSS, have finally agreed to institute unemployment benefits to ease the strain of the global financial crisis that is sparing no country. The project to set up such an allowance was first tabled some 12 years ago but several obstacles have so […]