First Independent Mena Newspaper
As Oil prices continue falling, hitting their lowest level in five years, Algeria launched an SOS calling the Organization of Petroleum Exporting Countries (OPEC) to lower production and restore the oil market balance. “OPEC needs to intervene to lower production and thus remedy the unbalances of the market,” Algerian energy Minister Youcef Yousfi was quoted […]
Plans are underway for Algeria, Libya and Egypt to replace 50% of Russia’s Gazprom natural gas supply to Europe. Italy’s largest utility, Enel SpA, hopes that the development efforts that are ongoing in oil and gas sectors of these North African countries, especially in Algeria, will ease the process. Europe is seeking to reduce its […]
Energy companies are all trying to get a share of Algeria’s oil and gas reserves as the country tries to boost its production capacity. The latest company to join the energy companies in Algeria is Dragon Oil Company based in the Emirates. It is an international oil and gas exploration, development and production company. The […]
Discussions between President Abdel Fattah Al-Sisi and his Minister of Supply and Internal Trade Khaled Hanafy during the weekend centered to plans that will ease the international wheat dependency burden of Egypt. Reports stated that the projects that were earmarked during their closed door meeting are three “major” internal investment plans. The plans are complimentary […]
Iraq could soon be forcing the fighters of the Islamic State of Iraq and Syria (ISIS) to retreat as military weapons from Russia begin to arrive. A visit by Defense Minister Saadun al-Dulaimi to Moscow on Wednesday is expected to have fast-tracked the delivery period due to the failure of the army in halting the […]
Algeria will be embarking on a spending spree to reinforce and renew its military arsenal with a budget of more than €2 billion. The North African region has been threatened by the presence of terrorist groups that have gained more force in the aftermath of the Arab Spring. Algeria has been able to avoid anti-government […]
Jordan, a country without oil or experiencing a self-destructive civil war, stands on a precipice. Its current ‘greatest’ challenge, the Syrian conflict, is showing the first signs of resolution and it now has a chance to recover from the almost overwhelming forces of refugee migration. The difficulty of integrating its new refugee population into wider […]
Russia could be on the verge of signing an agreement with Egypt as reports claim that a delegation of advisers is in Cairo to meet with officials. Egypt is expected to buy 24 advanced MiG-35 fighter jets as part of its switch towards using Russian military hardware. Negotiations have reached advanced stages. The MiG-35 jets […]
On one side is the world’s most prominent political and military alliance, on the other a Russia actively looking beyond its borders into a Europe that has been a close partner for several years. However this is not the Cold War. At its fall the Soviet Union was struggling to compete in an arms race […]
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 […]