Negotiations have begun between E-Finance, an electronic payment company, and several other Egyptian banks for the availability of Automated Clearing House (ACH) services in their institutions. The ACH are believed to boost bank transactions. The banks involved are Blom Bank Egypt, Crédit Agricole Egypt, Arab Bank, National Société Générale Bank, Arab Banking Corporation and Commercial […]
China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts. The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement. […]
Algerian Finance Minister declared Sunday that despite current economic down-turn of the Algerian economy due to acute collapse of oil price, Algeria does not need foreign intervention to balance its budget, saying that the government will lean on domestic economic potential to keep its head above water. “Algeria does not need foreign debt, it needs […]
