First Independent Mena Newspaper
The Rabat-based Bayt Mal Al-Quds Al-Sharif Agency has launched the “Winter of Al-Quds 2021” campaign, for the benefit of schoolchildren and families of orphans sponsored by the Agency. The agency has allocated $80,000 to this campaign, which is part of the programs and projects implemented by Bayt Mal Al-Quds Al-Sharif Agency in various priority social […]
Saudi Arabia is willing to provide Tunisia a financial facility to support the 2022 state budget but provided that the North African country meets the demands of the International Monetary Fund (IMF) for a restructuring plan, Business News reports. Malek Zahi, Tunisian Minister of Social Affairs, who was in the Gulf country last week for […]
Algeria’s military regime has hit a new low in its response to a World Bank report warning of worsening poverty and bleak economic prospects in the country. In a 60-page report, the World Bank pointed to a series of dysfunctions in the oil and gas reliant Algerian economy which augur ill for the country’s economic […]
The Moroccan financial sector continues to show resilience against the negative impacts generated by the Covid-19 pandemic, said the “Coordination & Systemic Risk Monitoring Committee” following its meeting held Tuesday in Rabat at the headquarters of Bank Al-Maghrib. After the three-year review of the 2019-2021 period, the Committee examined and approved the new financial stability […]
Tunisia has adopted the 2022 budget short of around $2.8 billion amid economic hardship that has hit the country also gripped by an unprecedented political crisis, triggered since July 25 after President Kais Saied has seized all major powers. The Tunisian government, Webdo Tunis reports, will present this Tuesday the draft of the financial act […]
The European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the European Union, provides €25 million to Banque Marocaine pour le Commerce et l’Industrie (BMCI) to support Morocco’s green transition. The financing, of which a total of €23.75 million will be provided by the EBRD and €1.25 million by […]
The Head of Government, Aziz Akhannouch, welcomed, Thursday in Rabat, the substantial progress made in the deployment of various projects under the cooperation program “Compact II”, concluded between Morocco and the United States, represented by the Millennium Challenge Corporation (MMC). Chairing the work of the 12th session of the Strategic Orientation Council (COS) of the […]
The African Development Bank, AfDB, has approved the allocation of €104 million to Tunisia for the implementation of the 2nd phase of the Road Infrastructure Modernization Program (PMIR II). The Abidjan-based financial institution is a press release said the program seeks to establish an efficient and sustainable transport system capable of developing intra- and inter-regional […]
Morocco’s central bank revised upwards its inflation figures for 2021 to 1.4% from 1.2% due in part to a surge in foodstuff and fuel prices in the international market. Though inflation is expected to remain under control, the central bank said it plans an inflation targeting as it continues currency reforms, yet without giving a […]
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]