Tanger Med

Egypt Adds Multi-billion Dollar “Social Package” to Budget

As Egypt’s fiscal year for 2017-2018 will be commencing on July 1, the Finance Ministry has announced that a “social package” aimed at easing the pain of the ongoing austerity measures will be included in the budget. More than 90% of the citizens will benefit from the package through food subsidies, tax breaks and increment […]

AfDB Lends OCP Group $188 Mln for Green Projects

The African Development Bank has provided Morocco’s OCP Group three loans totaling 188 Million U.S. dollars for green projects planned by the world’s leading producer of phosphate fertilizers. The loan agreements were inked Monday in Rabat by Ousmane Fall, director of Industrialization & Trade Development at AfDB and Karim Lotfi Senhadji, OCP Chief Financial Officer […]

Negotiations with IFM ongoing – Tunisia’s Social Affairs Minister

Malek Ezzahi, Tunisia’s Social Affairs Minister, indicated Monday that talks between the North African country and the International Monetary Fund (IMF) are still ongoing. The North African country, according to the Minister, has been in several months of negotiations for a $1.9 billion loan from the Washington-based institution to supplement the national budget facing a […]