The town of Kolea in the province of Tipasa will be hosting the 4th edition of the Maghrebian Festival of Andalusian music which will take place next week. Five countries have confirmed their participation. These countries namely Tunisia, Morocco, Spain and Portugal will be joined by Algeria according to Noureddine Labri, a member of the [...]
The Tunisian government has received $ 500 million loan from the World Bank to enable the North African country carry out key reforms, boost economic growth and create jobs. “The reforms which this financing supports will help Tunisia improve employment opportunities while ensuring better social services and more transparent government”, says Inger Andersen, Vice President [...]
Recent reports claiming that the Libyan sovereign wealth fund is looking at possibilities of investing in the Petroplus oil refinery in northwestern France has been denied by officials. In a released statement, The Libyan Investment Authority (LIA) distanced itself from the company which is going through financial hardships. The investment authority “denies reports on certain [...]
Prime Minister Abdelmalek Sellal has insisted that the country’s intention to exploit shale gas “is a long term option” which can be projected to possibly around almost three decades from now during a meeting with representatives of employers’ organizations and the Central Union of Algerian Workers (UGTA). The meeting was attended by the ministers of [...]
The announcement of a 15-megawatt solar power project in Nouakchott has been announced by Masdar. The project will satisfy 10% of the country’s electricity capacity and will provide an annual demand growth in the country, estimated to be at a rate of 12% in 2012. Mauritania has abundant renewable resources in the form of both [...]
The member countries of the International Commission for the Conservation of Atlantic Tunas (ICCAT), the international body managing the fishery, decided to slightly raise fishing quotas in 2013 from the current 12,900 tons to 13,400 tons. The decision was made by the 48 ICCAT member countries at the commission’s 18 special meeting held November 12 [...]
A new World Bank-commissioned report has warned that the Earth will incur serious risks by the end of the century if the global community fails to act on climate change and that the Mediterranean, and the MENA regions are among the parts of the world where the largest warming is to be expected. The world [...]
The Egyptian stock exchange experienced a negative trading day as it recorded its worst in two and a half months. Closing on Sunday, the stock exchange fell sharply at the end of the day which resulted to a loss of around LE10 billion (US$1.6 billion). The sharp fall is been associated with the ongoing exchange [...]
On Tuesday, Egypt was playing the role of a mediator between Israel and Palestine in order to bring truce to the region. However just five days before that tension has been escalating with both sides attacking each other. When Israel decide to launch operation “Pillar of Defense” in order to eliminate Ahmed Al-Jaabari commander of [...]
Following the setting up of a united opposition called the National Coalition for Syrian Revolutionary and Opposition Forces against the Assad regime, allegiance of recognition as the legitimate representatives of the Syrian state swiftly started flowing. Countries of the Gulf Cooperation Council were the first to recognize it as the representative of the Syrian people [...]
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