First Independent Mena Newspaper
As the stand-off in Libya between the two governments continues, Prime Minister Abdullah al-Thinni of the internationally recognized Tobruk government is planning to approach it with a financial perspective. He wants to stop the payment of oil exportations to accounts that are not under its control in order to drain the financial power of the […]
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 […]
Morocco, the world’s largest producer of phosphate, and Argentina, an agricultural power, would benefit from increasing trade. Foreign investors are gnashing their teeth as Argentina defaulted on its sovereign debt for the eighth time in its history – but not all of them. Whilst Buenos Aires’ financial problems threaten to worsen regional trade, it is […]
The U.S. Africa Leaders Summit that brought to Washington this August 4-6 more than 50 African leaders and hundreds of governmental officials, CEOs and civil society activists was an opportunity for President Barack Obama to make a declaration of love to the black continent, announcing new partnerships and initiatives and pledging that America will be […]
Chinese operators and firms have started looking towards Morocco for new locations of their businesses or production units. The Chinese Shandong Shangang group, a world leader in the manufacture of steel products, is one of these groups which decided to set up a unit in the Tangier free zone in Northern Morocco. A memorandum of […]
Narendra Modi’s landslide victory for the Bharatiya Janata Party against the incumbent National Congress in India’s national elections has bought a new political dynamic to south Asia’s key strategic actor. India hopes that Modi, a former tea seller and advert for the country’s social mobility, will begin an overdue purge of corruption and elitism. However […]
The nod has been given by Algeria’s Council of Ministers for works in relation with the development and exploitation of unconventional gas to continue. The North African country once rich oil and natural gas reserves have been declining in recent years. The exploitation of shale gas is expected to complement the drop. Algeria has not […]
The business park of 2.5-million-sq-m in Hidd at the Gulf Industry Fair, which opened in Bahrain on Feb 4, is a highlight of business opportunities Bahrain International Investment Park (BIIP) offers. A total number of 105 companies exist at the park out of which 30 were approved of last year, and when in full use […]
China and Japan are criticizing each other’s policies in Africa as each country pledges more money for the continent. While Tokyo has censured China’s foray into mineral-rich Africa, saying its approach is unhealthy for development on the continent, Beijing accuses Japan of courting African support for its effort to secure a place in the United […]
Algeria and France have intensified their cooperation at the end of French Prime Minister Jean-Marc Ayrault’s and nine ministers visit to the country by signing 9 partnership agreements. Much of the agreements were focused on economic and trade activities as France position as the biggest investor in Algeria comes under pressure from Chinese investments. Jean-Marc […]