First Independent Mena Newspaper
Morocco launched on Wednesday an ambitious plan meant to foster industrial growth, reinforce the country’s economic resilience, and confirm its place among emerging nations. At a ceremony chaired by King Mohammed VI, Minister of Industry Moulay Hafid Elalamy presented the details of the new 2014-2020 industrial growth strategy, which represents “an evolution of emergence towards […]
A day after Japan’s Senior Vice Foreign Minister responsible for the Middle East, Europe and America expressed desires of enhancing military cooperation in the Sahel to promote stability, he has added that they are interested in importing gas from Algeria and investing in its energy sector. Senior Vice Foreign Minister Nobuo Kishi is on a […]
Amid deep political turmoil, there is a mounting concern in Egypt as Ethiopia forges ahead with its plan to build the $4.8 billion Grand Renaissance Dam on the Nile’s main tributary. The hydroelectric dam, to be Africa’s biggest, sounded the alarm bell for Egypt due to its possible impact on the flow of the river. […]
Over the past weekend, the Ukrainian government was ousted, Ukraine’s parliament reinstated the 2004 constitution and former President Victor Yanukovich is on the run in Russia. One might be forgiven to think of these developments in isolation. But it is in fact a reminder that reactionary regimes rarely deliver the sort of stability they are […]
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 […]
Since the army toppled Islamist ex-President Mohamed Morsi in July last year, the country has been witnessing violence “on the unprecedented scale”, according to the Amnesty International. The advocacy accused the Egyptian police of regular abuse of competencies and noted that human rights and civil liberties are being antagonized. According to the Amnesty’s report that […]
As elections draw close this year, Egypt aims at attracting foreign currency into the country after investments almost dried up following the revolution which overthrew Hosni Mubarak in 2011. This cause, aimed at easing social discontent and creating jobs, is supported by state-linked investors and Dubai retailer Majid Al Futtaim. The company is the holder […]
New year 2014 will likely be very significant at least from the viewpoint of the London Stock Exchange, which stakes to become the world centre for Islamic finance. Earlier last year, Britain’s Prime Minister David Cameron announced the plan to issue sukuk – Islamic financial certificates often compared to Western bonds. The first sukuk certificate […]
Morocco has stressed the need to foster trust between the parties to the Middle East peace process and urged these parties to show the much needed sense of realism and spirit of compromise in order to push forward the peace process. The call was launched by Morocco’s King Mohammed VI during the opening of the […]
The 14th of January marked the third year anniversary of the Tunisian revolution which went to sweep the North Africa and the Middle East. There was little to celebrate about on the day due to violence which marred the country. The constitution also missed its deadline once more as voting continues in the Assembly. Tunisians […]