First Independent Mena Newspaper
Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]
Moroccan authorities have announced this Wednesday the arrest of another terrorist cell composed of three members who were planning to carry out attacks in several cities in the North African kingdom. The terrorists were nabbed in the cities of Oujda, Casablanca and Fez by the special units of Morocco’s Bureau of Central Judicial Investigations (equivalent […]
Tunisia’s defense minister Tuesday in Paris warned his country may be retreat terrain for the Islamic State group militants fleeing the Libyan coastal city of Sirte as militiamen aligned with Libya’s Government of National Accord (GNA) tighten their grip around the terrorist group. “The danger is real. Those who leave Sirte are heading south to […]
Head of the Libyan National Army backed by the east-based government opposed to the UN-sponsored Libyan unity government has scorned US decisive aerial intervention in the ongoing counter-terrorism campaign in Sirte and said that the intervention is illegal, reports say. Speaking in an interview to Russian Sputnik early this week, General Khalifa Hafter indicated that […]
Egypt’s Minister of Supply in charge of the governmental food subsidy program has resigned amid growing public outrage over a wheat corruption scandal, triggered by false wheat procurement figures. Khaled Hanafi could not withstand public discontent over state funds embezzlement cases reported in his department. “Experience has proven that being in a position of authority […]
The tourism industry in many North African countries was affected this year by the terror threats as travelers avoid popular destinations such as Egypt, Tunisia, Turkey…targeted by terrorists. According to the World Travel & Tourism Council, Egypt is one of the worst hit places, with tourist arrivals down nearly 50 pc so far this year. […]
Gunmen Sunday killed an informant and two soldiers in the province of Menoufia, north of capital Cairo, in an attack at a security check-point, reports say. Security authorities are combing the area -80 km north of the capital, in search of the attackers, who managed to flee, Reuters reports. Egyptian security forces have been facing […]
The Egyptian government has slammed New York-based Blomberg media and London-based The Economist for their critical reports on the Egyptian economy, which, they said, is doing poorly due to President al-Sisi’s incapacity to drive the country out of the difficult economic situation it has been facing since 2011. Blomberg’s editorialist on Tuesday put the economic […]
The terrorist attacks that struck Tunisia in 2015 have scarred the country’s reputation as a holiday destination and left it struggling to win its share of the Mediterranean tourist market back. This year, Russians and Algerians are saving the tourist season after ISIS attacks deterred tourists from the traditional markets of France, Britain, Germany and […]
The Global Innovation Index 2016 has been released, with Morocco climbing six places from 78th (2014) to 72th in a ranking of 128 surveyed countries. The report, published by the United Nations World Intellectual Property Organization (WIPO), has swiftly become a widely used metric for assessing the state of innovation in various countries. In gaining […]