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Morocco to Benefit from WB Treasury Govt Debt & Risk Management Program

Morocco has become member of the Government Debt and Risk Management (GDRM) program of the World Bank Treasury. The GDRM Program provides assistance to middle-income countries (MICs) to improve macroeconomic and fiscal management by reducing vulnerability to financial and other shocks. The GDRM Program brings a tailored approach to each country’s priorities and provides expert […]

Algiers summons Tunisian ambassador over minister’s reference to Algeria as communist state

The Algerian Foreign Ministry Sunday summoned Tunisia’s ambassador to protest recent comments by a Tunisian minister referring to Algeria as “a communist state”. Abdelmajid Ferchichi was summoned to the Foreign Ministry to provide clarification over the remarks on Algeria made by minister for local affairs Riadh Mouakher in Rome on May 4. Algiers has condemned […]

Egypt: Nine Banks to invest $1.5 billion in coal-fired power plant

In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]