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Egypt, Japan sign $301m agreement to finance Cairo Metro’s 4th line

Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]

Algeria: Fiber optic coverage

Algeria will be having nationwide coverage of fiber optic by 2015 according to the minister of Post and Information Technology and Communication, Moussa Benhamadi. He made this announcement at Tiaret precising that the project is aimed at generalizing and connecting all municipalities and agglomerations where the population is more than 9000. The minister stated that […]

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 […]