First Independent Mena Newspaper
Egypt’s Ministry for Foreign Affairs has summoned Tunisia and Turkey’s ambassadors’ respectively, in what it considers being a mingling in its internal affairs with respect to comments made by government officials from the two countries. These countries did not welcome the removal of President Mohammed Morsi from power by the military. The Minister of Foreign […]
A statement released by United Kingdom’s foreign ministry has stated that the government, in partnership with several international financial institutions, will be holding a Deauville Partnership Investment conference in September. The conference is aimed at promoting investments, trade and supporting new investors in transitional countries marred by the Arab Spring. The European Bank for Reconstruction […]
As a process of tightening the bilateral relationship between Turkey and North African countries, and more precisely the Maghreb region, the Turkish Prime Minister Recep Tayyip Erdoğan is currently on a visit from June 3rd to June 6th to Morocco, Algeria and Tunisia. Erdoğan plans to meet the heads of state or heads of government […]
The Governor of the Egyptian central bank, Hisham Ramez, has said that they have converted $2,5billion into 18-month notes and there are ongoing plans to convert an extra $3 billion into three-year bonds. The monies were provided by Qatar as deposits to the bank as part of its efforts to help Egypt overcome its crisis […]
President Moncef Marzouki stated that Tunisia is progressing since the end of the revolution, and it will be a state of true democracy in 2018, during a speech delivered at the Economic Policy Research Foundation of Turkey (TEPAV) in Ankara. It was under the theme “Tunisia’s pioneering role in the transformation of the Middle East […]
Egypt is considering a U-turn to international bond markets a few days after Morocco capitalized on cheap borrowing costs to reopen old bonds and raise $750 million. Its return will be the first time since the end of the revolution, after the new law allowing the country to issue Islamic-compliant bonds for the first time. […]
State-owned Société de Gestion des Participations Industries Manufacturières (SGP-IM) has concluded an agreement with Taypa Tekstil Giyim, a Turkish company, to construct a multi-million dollar textile-clothing industry center in Algeria. The partnership is a part of the government’s efforts to promote joint public-private venture in the country and to attract foreign investment. The North African […]
Japan will build Turkey’s second nuclear power plant to be located in the Sinop province, northern Turkey, on the Black Sea. The contract worth $22 billion was signed last week in Ankara by the two countries’ Prime Ministers Recep Tayyip Erdogan and Shinzo Abe. The plant to have four reactors with a combined capacity of […]
Tunisian authorities have dismantled lately several Islamist terrorist networks that were recruiting young Tunisians for jihad in Syria. The recruiters are hardline salafists groups operating in mosques and charities. These dark networks were disrupted after months of investigations launched after the complaints lodged by several families over the disappearance of many of their sons, accusing […]
Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]