Morocco-made Car exports

Libya’s Culture minister arrested, investigated on corruption charges

The Libyan Public Prosecutor has ordered the arrest and the pre-trial of Culture Minister Mabrouka Tougi, over accusations of corruption in administration and finance transactions. Tougi was interrogated on Dec. 29 and has been detained pending an investigation against her over allegations of corruption following a decision by the prosecution. A brief statement by the […]

Algeria: IMF Predicts Economic Stagnation

IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]

Major Job cuts to save UBS

Lately many European banks have been suffering because of the slow European economy. UBS, one of the major Swiss bank wishes to prevent dilapidating profits by diminishing operations that have been jugged risky. Thus deciding to mainly exploit its wealth management group. This bank that is based in Zurich was forced to put in place […]