Yousef Yousfi, Algeria’s minister of Energy and Mines has told reporters that the government is planning to begin the construction of a nuclear power plant in 2025. If the plan gets executed in more than a decade from now, it will be the country’s first nuclear plant. The deadline to get its first plant has [...]
The Egyptian pound has strike a new low against the US dollar, after official exchange rates reached LE7, a rate unseen since 2003, in commercial banks in the country. It marks another turning point in the country’s crisis, despite financial assistance from Qatar and Libya. Egypt was able to register an increase in its foreign [...]
Tunisia wants to reopen its embassy in Syria which has been closed for more than two years and has sent a request in this vein to the government in Damascus. Tunis is yet to receive a reply from Syria’s foreign ministry and a diplomatic source said that the letter has been sent to the foreign [...]
South Africa’s Deputy Minister of the Department of Trade and Industry said that they have agreed with their Algerian partners to put in place a Joint Trade and Investment Committee as soon as possible, in a bid to exploit economic opportunities between them. Deputy Minister Elizabeth Thabethe stated that four sectors will be targeted and [...]
The Algerian ambassador in Pakistan has called for more business transactions and investments between the two countries during a speech addressed to the members of the Lahore Chamber of Commerce and Industry (LCCI). Ambassador Dr. Ahmed Benflis said the excellent political and economic relations between the governments should be transformed into increasing bilateral trade. Ambassador [...]
Tunisia in partnership with the US government and the African Development Bank have released a report aimed at reforming the government’s policy in a bid to prompt economic growth. Private sector investment and entrepreneurship have been underlined as key factors by the “Towards a New Economic Model for Tunisia: Identifying Tunisia’s Binding Constraints to Broad-Based [...]
Kinross Gold’s 38 000 t/d mill expansion plan at the Tasiast gold mine in Mauritania, costing almost $2,7billion, is getting close to become a reality, after the company released prefeasibility study results which focused on the use of heavy fuel oil as an energy source. The study forwarded estimates which were based on about ten [...]
The National Bank of Egypt (NBE) and Banque Misr have made clear their desire to sell their foreign assets, prompting investors to term the Egyptian market which is undergoing crisis as attractive and promising. The most prominent of these banks includes Banque Misr, which through its investment wing, Misr Capital Investments, seeks to sell 3million [...]
The Libyan Movie Awards, the first of its kind, organized by the European Union in partnership with the Italian Cultural Institute and NGO Libya, has begun at the Mahari/Radisson Blu hotel’s theatre. The 3-day film festival will showcase the works of Libyan filmmakers. A film competition for young filmmakers has been organized to encourage the [...]
The Secretary General of the United Nations World Tourism Organization (UNWTO), has estimated that Tunisia will be receiving more than 7 million tourists this year after having a closed a door meeting with caretaker Prime Minister Larayedh in the buildup towards the meeting of the agency’s African commission. Secretary General Taleb Rifai appreciated the government’s [...]
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