First Independent Mena Newspaper
The French carmaker PSA Peugeot Citroen plans to open a plant in Morocco to meet the needs of the Maghreb and other African markets, a source close to the group said, confirming the information published earlier by Bloomberg. The project that could be formalized early June will have an initial capacity of nearly 100.000 units. […]
The World Economic Forum on the Middle East and North Africa will be held in Jordan 21-23 May under the theme: “Shaping a New Strategic Context”. The WEF on MENA, 9th of its kind in Jordan and the 16th meeting in the region, will bring together more than 800 government, business and civil society leaders […]
Prime Minister Abdelmalek Sellal’s said his four-day official visit to China has ended with “satisfactory” results with feelings that it will lead to a “new impetus” in the ties between the two countries especially in the economic sector. Algeria wants to diversify its economy and is hoping that it could learn from the Chinese experience […]
Oman and Spain have signed a joint partnership fund agreement that will help the two countries to use the Middle Eastern country as a center for their expansion plans. A €200 million joint investment fund was signed between Compañía Española de Financiación del Desarrollo (Cofides) and Oman’s State General Reserve Fund (SGRF) with both parties […]
Casablanca Finance City has leapt up 9 places in the new ranking of the Global Financial Centers Index (GFCI) released on Monday in Busan, Korea. According to this new ranking, unveiled in the seventeenth Global Financial Centres Index (GFCI 17) which rates 82 financial centers, Casablanca Finance City has moved up from the 51st rank […]
The Swiss hotel group Belhotel International plans to set up in Morocco, Egypt, and Tunisia in 2015 as part of an expansion plan in the Middle East & North Africa (MENA), said the group leader. “We want to enter into new markets, including Turkey, Egypt, Tunisia and Morocco in 2015”, said the head of the […]
Maroc-Telecom, the incumbent telecommunications operator in Morocco, announced it has finalized the purchase of the branches it acquired from the United Arab Emirates telecom group Etisalat in Côte d’Ivoire, Togo, Gabon, Benin, Central African Republic and Niger. The deal between the two operators worth over $ 536 million was struck last spring when Etisalat became […]
China’s Foreign Minster Wang Yi has stressed that his country is not on a colonially exploiting Africa like Western colonists as he defended the policies of Beijing. The Minister is on a tour to five central African countries namely Cameroon, Equatorial Guinea, Sudan and the Democratic Republic of Congo. Beijing has often been accused of […]
Ambassador Dr. Mohamed Ahmed Kisuule of Uganda was in Pakistan where he met with the Islamabad Chamber of Commerce and Industry (ICCI) to present investment opportunities that assure earnings ranging from 300% to 400%. Pakistani investors are not that much present in Uganda. The Senior Vice President of the ICCI, Muhammad Shakeel Munir, showed interest […]
Algerian and French government officials were gathered at the western city of Oran to witness the opening of a €50 million Renault car factory in Algeria that will produce 25,000 units per year before rising to 75,000 by 2019. The plant is a joint venture and will be producing the ‘Symbol’ model; a saloon based […]