First Independent Mena Newspaper
Oman and Spain have signed a joint partnership fund agreement that will help the two countries to use the Middle Eastern country as a center for their expansion plans. A €200 million joint investment fund was signed between Compañía Española de Financiación del Desarrollo (Cofides) and Oman’s State General Reserve Fund (SGRF) with both parties […]
The Islamic State group has released a video showing its militants savagely beheading and shooting 30 Ethiopian Christians captured in Libya. This is the first time that ISIS, which gained a foothold in Libya, targets Ethiopia which has sent soldiers to Somalia to fight Al Shabab Islamist rebels within the frame of the African forces. […]
The World Trade Organization has chosen Marrakesh, its birth place, to celebrate its 20th anniversary through the organization this April 8-9 of a high-level conference on the topic “WTO 20 years: celebrating successes, meeting challenges to come.” The conference, to be attended by the WTO Director-General Roberto Azevêdo and some 40 African Trade Ministers, will […]
Morocco’s King Mohammed VI has underlined the strategic importance for Africa to promote a multidimensional partnership to ensure its development, the need to push forward regional economic integration and the necessity to develop common areas for shared prosperity that allow for the free movement of goods and people. Africa needs “a multidimensional partnership model involving […]
British Petroleum (BP) and Russian-owned DEA have agreed a partnership investment of $12 billion in Egyptian gas fields in the West Nile Delta with the hope of producing five trillion cubic feet of gas resources and 55 million barrels of condensates when the project is completed in 2017. The investment plan is being described as […]
China’s Foreign Minster Wang Yi has stressed that his country is not on a colonially exploiting Africa like Western colonists as he defended the policies of Beijing. The Minister is on a tour to five central African countries namely Cameroon, Equatorial Guinea, Sudan and the Democratic Republic of Congo. Beijing has often been accused of […]
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 […]
The second World Forum on Human Rights, held in Marrakech November 27-30, featured hundreds of brain storming sessions on the situation of human rights in the world and on ways and means of promoting these rights at the national and international levels, since the challenge is not facing just a few countries but the whole […]
A strong Egyptian delegation, including several ministers, is in Ethiopia for a two-day working visit for the fifth session of the joint Egyptian-Ethiopian committee. The session seems to be focused on reinforcing bilateral and trade ties between the two countries despite their differences over the Renaissance Dam project. The visit is seen by Cairo as […]
Exploring innovative financing mechanisms to boost economic development in Africa, which is recording noteworthy growth rates in a rather gloomy international economic and financial environment, is the main purpose of the 9th African Development Forum currently held in Marrakech, Morocco. The forum, held on the theme “Innovative financing for Africa’s transformation,” seeks to enhance Africa’s […]