Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp fall in energy earnings caused by global drop in crude oil prices. The new figures confirm the deteriorating economic situation in the North African country, member of the OPEC cartel. […]
Tag: North Africa
Libya: HoR’s President to sell rejection of UN-proposed deal in Egypt, UAE
After rejecting the UN-proposed peace deal, the Libyan Internationally recognized House of Representatives (HoR) has embarked on a diplomatic seduction to win support for its stance. President of HoR, Ageela Saleh, was in Cairo on Tuesday in an attempt to seek Cairo’s support after lawmakers in the Libyan Parliament largely rejected the UN-proposed peace deal. […]
Libya: UN-Brokered Peace Plan Hits Snag Again
The internationally recognized government of Libya has refused to endorse the UN peace deal offering power-sharing with rival Islamists, prompting serious concerns over future of this North African country and risks of escalation of violence. A spokesperson for the internationally recognized parliament said the Tobruk lawmakers will not sign the agreement to form a unity […]
Tunisia-UK Business Forum
London hosts this oct.20 a forum dedicated to British and Tunisian trade and investment. The event is opportunity for the Tunisian government officials to spell out their economic development plans and agenda. The North African country has so far attracted significant international interest and support due to its diminishing deficit and steady economic growth. The […]
Egypt-UNSC: Cairo vows to endeavour to bring stability in conflict zones
Egyptian Foreign Minister, Sameh Shoukry, said his country’s actions within the Security Council will be orientated towards bringing stability in conflict zones including Libya, Syria, Iraq, Yemen and mostly the Palestinian-Israeli conflict. The Egyptian Foreign Minister made the statement Thursday after his country was elected to sit as a non-permanent member of the United Nations […]
Libya: ISIS digs for Gadhafi’s treasures in Sirte
Emerging reports have stated that ISIS in Libya is scouting for supposedly buried treasures, weapons and ammunition in the former Libyan leader’s home in Sirte. The extremist group has been using the town as its headquarters and local Alwasat media stated, citing residents, that the group militants, armed with drilling equipment, headed to Al-atat area […]
Egypt: Businesswomen Get EBRD Support
National Bank of Egypt (NBE,) largest commercial bank in the North African country, has launched “Women in Business (WIB)” program aimed at strengthening the role of women entrepreneurs in the Egyptian economy This initiative has gained the full support of the European Bank for Reconstruction and Development (EBRD) which helps NBE to provide a comprehensive […]
MENA to Spend Over $ 11 Billion on IT
North Africa and Middle East countries will spend $11.4 billion on information technology products and services in 2015, says US firm Gartner Inc. in its forecast. The MENA countries IT spending includes purchase of internal services, software, information technologies services, data centers, devices and telecom services. According to the Gartner forecast, telecom services, which include […]
Algeria: One-eyed Sahara Al-Qaeda boss still alive, Al-Qaeda fighter
Mokhtar Belmokhtar, Sheikh of Sahara, reported dead in June by Libyan authorities, is still alive according to a top Al-Qaeda fighter. Abderraouf Hossam, a top Al-Qaeda fighter, indicated in an audio recording dating back to July that the Algerian leader of al Mourabitoune, an Al-Qaeda-affiliate armed group in West Africa, was still alive and claims […]
Morocco, Spain Break Up Jihadi Recruiting Cell
Moroccan and Spanish security services have carried out this weekend another successful anti-terror operation which enabled them to capture in total 10 members of a cell which recruits and sends fighters to the Islamic State. Six of the members of this Isis recruiting group were arrested in Moroccan economic capital city of Casablanca, while the […]









