dragon-oil

Maroc Telecom’s Net Income Increases by 5.6% in 2014

Maroc Telecom’s growth expectations for 2014 have been fulfilled as the net income of Morocco’s leading telecommunications group increased by 5.6% to MAD 5.850 billion compared to MAD 5.540 billion a year earlier, i.e. a net margin of 20.1% in progress by 0.7 points. Last year, the consolidated revenue of Itissalat Al Maghrib or IAM […]

Yemen: Egypt Shares Concerns about Insecurity in Red Sea

Egyptian President Fattah al-Sisi Monday told his Yemeni counterpart that Cairo is concerned about insecurity in the Red Sea after Houthi rebels attacked two Saudi oil tankers last month in the Strait of Bab al-Mandab. “We categorically reject that Yemen becomes a foothold for the influence of non-Arab forces, or a platform for security and […]

Cash-strapped Tunisia seeks IMF loan

Tunisia has officially asked the IMF for a new program to back up the economic reforms to alleviate the strain on public finances. The Tunisian government agreed an economic reform package with powerful labor union UGTT at the end of last month that tackles subsidies, taxes and state firms, and which was seen as opening […]