First Independent Mena Newspaper
“France must double its trade with Africa,” Hollande called on French business leaders during a major conference of French and African business leaders in Paris on Wednesday (4 December). If France can manage to achieve this, some 200,000 jobs will be created in France over the next five years. Hollande’s comments came ahead of a […]
The Islamic economy has for long been associated with the Islamic financial law. Based on the moral code and religious law of Islam – shari’a – Islamic banking requires very stringent capital requirements in loan markets, rejects interest rates, and promotes profit and loss sharing between the client and the bank according to the contract […]
Algeria and China are interested in implementing a bilateral cooperation in aquaculture and fisheries based on their mutual interest. Officials from both countries met to further discuss its development in Algeria with technical assistance from Beijing. The North African country is also willing to open its doors to Chinese investors in such sectors in order […]
In 2010, Chinese foreign direct investment (FDI) accounted for approximately 68 billion USD, as compared to 2001, when China invested only 911 million USD overseas. The rapid increase in FDI between 2001 and 2010 was also facilitated by China’s ‘going global policy’ of 2002 that promoted competition for the share in global markets and natural […]
The National Intelligence Council’s (NIC) report ‘Global Trends 2030: Alternative Worlds’ has outlined three global trajectories, or development in the interactions among world’s states, during the next 15-20 years. Under the ‘Reverse Engines’ scenario, mercantilism and protectionism could lead economic globalization to go into reverse, constraining technological breakthroughs required to manage scarce global resources. The […]
The production of oil in the leading oil production country in Africa has suffered a drastic decline since its civil war in 2011. The ongoing protest in Libya has led to the closure of two export terminals and an entire oil field. Frequent disruptions in the MENA region has led to North America leading the […]
At a time cyber attacks and cyber-spying are making the headlines almost every day and at a time cyber theft is rampant, France and Morocco have agreed to bolster their cooperation in cyber security matters and to enhance the capacity of national authorities in charge of information systems security. The broad lines of this enhanced […]
The US navy has launched on Tuesday for the first time the X-47B drone from the USS George H.W. Bush nuclear-powered aircraft carrier. The first 65-minute test flight of the remotely piloted combat aircraft, from the carrier at sea to the Navy’s “Pax River” test site ashore, has enabled to validate among others the flight […]
Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]
North and West Africa are facing a complex set of challenges in terms of democratic transition and consolidation, a growing prominence of Islamist influence, and potential knock-on effects of recent socio-political transformations. Adding to this complexity is Africa’s raising geopolitical importance that is evident in the growing interest of other extra-territorial powers, such as China, […]