First Independent Mena Newspaper
The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves. This came hours after Qatar announced that it is willing to pump in more money […]
Turkey’s Energy and Natural Resources Minister Taner Yildiz accompanied with a delegation is on a working visit to Algeria and was welcomed by Prime Minister Abdelmakek Sellal on his arrival. Issues discussed between the two counterparts ranged from economic cooperation and commercial ties. On the agenda of the Turkish minister also includes ways of opening […]
The government has sold 15% of its stake in mobile operator Tunisiana to the Qatar based Qtel group. The conclusion of the deal raises the stake owned by Qtel group in Tunisiana to 90% if stakes acquired directly and through subsidiaries are taken into consideration. However, the Tunisian government still holds on the remaining 10% […]
New Geopolitical Realities The escalating violence in the Gaza Strip and southern Israel, in which scores of Palestinians and Israelis have so far been killed, is being played out against a fast changing geopolitical setting. The current Israel-Gaza clash is the largest since Israel’s war in Gaza in 2008-2009, when Hamas was a political pariah […]
The Egyptian government is reportedly seeking financial assistance from Algeria in the form of a $2 billion deposit. Egyptian government sources were quoted by the media as saying that the matter would be discussed at the talks Egyptian Prime Minister Hisham Kandil is holding this week in Algeria with Algerian officials, including with Premier AbdelMalek […]
Cyber attacks are becoming rampant in the MENA region after another discovery of a related program to the flame named as “miniflame”. The software is capable of executing more precise attacks on targets and has already affected almost 50 “high-value” machines according to a Kaspersky Lab research report. The behavior of Miniflame is described as […]
One of the banks in Qatar has announced its intentions to raise its capital value in a released statement. The bank, Ahli bank, is ranked as the seventh-largest listed by market value. It is hoping to lift up its actual capital by 20 percent. It has therefore stated that it will be issuing rights during […]
No tiny Arab country has ever gained more diplomatic leverage than Qatar in recent North African history. Since independence, only a few Arab regional powers had an overarching and successful influence in North Africa’s politics: Jamal Abdel Nasser’s Egypt and King Fahd’s Saudi Arabia were able to diplomatically twist – gently or otherwise – the […]