First Independent Mena Newspaper
On a two-day visit to Moscow, Egyptian army chief Field Marshal Abdel Fattah al-Sisi was on Wednesday accompanied by Foreign Minister Nabil Fahmy to seal a lucrative arms deal and discuss areas of cooperation “in multiple fields”. The US$2 billion arms deal will mainly be funded by Saudi Arabia and the UAE. The expected Russian […]
According to a report published by the Strategic Defense Intelligence (SDI) market research group, Algeria continues to be leading other countries in the continent’s defense expenditures. Algeria has been known to be a big spender in the defense market and the trend is expected to continue as Terrorism gains attention in the North African region. […]
Israel has shown concerns about United States announcement to suspend some of its aid to Egypt unless it is satisfied with its democratic efforts could jeopardize the long standing peace treaty. Israel and Egypt signed a peace treaty in 1979 to end hostilities against each other and the US aid has been fundamental in maintain […]
The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, has announced this Tuesday he was stepping down and naming his son, Sheikh Tamim bin Hamad al-Thani, 33, as his successor. During the past weeks, there were some swirling rumors circulating in the media and diplomatic spheres that the 61-year-old emir was preparing to step down […]
According to a statement released by the Algerian Ministry of Oil, Algeria is willing to open the door to Russia in an invitation made to Minster Alexander Novak. Algeria wants a stronger cooperation between oil and gas companies from the two countries in order to strengthen their participation at OPEC. The Algerian minister offered investment […]
Empirical studies show that the international monetary system is already tripolar. The Chinese currency, the renmimbi, has increasingly become a reference currency, as one which exhibits a high degree of co-movements with other currencies. In the wake of the 2008 financial crisis, the renmimbi has accelerated its standing as the East-Asia exchange rate reference currency […]
The United States has for years voiced support to the settlement of the Western Sahara in the context of the United Nations and when in 2007 Morocco proposed a plan providing to grant a large autonomy to the disputed territory, Washington has expressed in unequivocal terms backing to the Plan and subsequently to the Moroccan […]
At the end of his two-day visit to India, the Egyptian president has expressed his expectations of joining the group of fast growing economies known as the BRICS; an acronym for Brazil, Russia, India, China and recent member South Africa. President Morsy was speaking at a business forum when he said “Egypt is hoping to […]
Moscow is looking forward to sell its latest weapons to Libya, now under new government, after the collapse of Gadhafi regime which was Russia major client in the region. According to foreign intelligence reports, the Russians seek by all means to restore military cooperation ties with the North African country and secure their market share […]
Climate change has emerged as one of the greatest challenges to international community. Increasing frequency and intensity of natural calamities caution that changing climate would have severe implications for economy and society and have potential to alter the course of development across the world. In absence of robust infrastructure, resources and technologies to cope with […]