First Independent Mena Newspaper
Algeria which has suffered a sharp decrease in oil revenues is seeking desperately to fill in its coffers with an Italian supply deal. The country’s state-owned Sonatrach and Italy’s energy company, Eni, inked a deal to supply Italy with 10 billion cubic meters of natural gas annually. The gas will be channeled through the Transmed […]
In a move that matches climate finance with action, forty-two countries from different continents signed to the NDC Partnership, which was launched, on Tuesday November 15, at COP22 Moroccan Pavilion with the aim of enhancing cooperation among nations so that developing countries have more effective access to the technical knowledge and financial support necessary to […]
Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]
Libya’s UN-backed unity government Thursday rejected the European Union call for the creation of a migrant camp in Libya in a move to curb and control floods of migrants trying perilous trips to join countries of the 28-member block. Since 2011, following the fall of Libyan ruler Muammar Gaddafi, Libyan coasts have been departure points […]
Italy’s energy company Eni and Algeria’s state-owned hydrocarbons firm, Sonatrach, inked an agreement to build a solar plant to help the north African country reduce its dependency on gas. In addition to meeting local electricity demand, the plant would also free up more gas for the export market, local media said. The 10MW plant will […]
The Moroccan navy took part in the naval exercise, Sea Border 2016, in the Gulf of Taranto in Italy on September 5-9. On this occasion, Morocco sent patrol vessel OPV-70 dubbed, Bir Anzarane, which made an outstanding performance during the joint naval exercise that brought together naval forces from the north and south of the […]
UN envoy for Libya Martin Kobler tweeted Sunday that greater divisions are looming over Libya as the Libyan army led by Khalifa Hafter, rival of the UN-backed unity government in Tripoli, took control of most oil terminals controlled by Petroleum Facilities Guard aligned with the unity government. General Hafter’s forces Sunday announced they took over […]
France, Germany, Italy, Spain, the United Kingdom and the United States have called on the Libyan parliament to endorse the new cabinet line-up within ten days. Libyan authorities sent a new list of the team of the unity government to the House of Representatives for approval. In a joint statement, NATO allies praised the move, […]
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. […]
The oil export terminals in eastern Libya are subject of fierce rivalry between the warring factions in Libya. The infantry brigades of General Khalifa Haftar’s Libyan National Army (LNA) which entered the town of Zueitina on August 14 are likely to continue their advance to the oil terminals controlled by the rival militia of the […]