Diaspora remittances

Subprime Entailed Dismissals or the Chronology of a Crisis

The drop of benefits prompted banks, fast earning mongers, to proceed to a wave of dismissals. In 2011, Barclays already split up with more than 4,400 employees, Crédit Suisse planned to expel 2,000 persons and Lloyds Banking Group, 10,000. The massive suppression of jobs is a trend that has affected the financial world for many […]

Egypt: Opposition figure, former MB listed as terrorist

Recently arrested opposition figure Abdel Moneim Abul Fotouh has appeared on authorities’ backlist of terrorists after the ministry of interior accused him of fostering ties with exiled members of outlawed Muslim Brotherhood. The former member of the Islamist movement has been remanded in prison since his arrest last week upon his return from London. Security […]

Morocco Building Africa’s Tallest Skyscraper

King Mohammed VI has launched the construction work of a 55 floor-tower, which will host luxury apartments and hotels with a total designed floor space of 86,000 square meters and a viewing terrace at the top. The skyscraper dubbed “Mohammed VI Tower” will reach 984 feet and will be the tallest in Africa. The tower, […]