First Independent Mena Newspaper
Morocco’s Attijariwafa Bank was Wednesday named best Moroccan bank by Euromoney for Excellence 2016 awards organised by leading Euromoney Institutional Investor based in London. Awards for Excellence are the most prestigious awards in global banking, which recognizes 20 global leading banks in various categories including world’s best bank, world’s best bank for financing, and world’s […]
An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy has been hit badly by terror attacks and political unrests. The country has been suffering from severe foreign currency shortage since the beginning of the year. This was mainly because […]
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
Morocco was listed among the least indebted countries in Africa in a report issued on July 21 by the United Nations Conference on trade and Development (UNCTAD.) The document, dubbed Economic Development in Africa Report 2016, highlights the sustainability of Morocco’s external debt and the viability of its investments in comparison to other countries in […]
The Moroccan Attijariwafa Bank Wednesday received international accolades as it was named top 2016 African Bank by peers at a ceremony in Lusaka, Zambia. More than 500 dignitaries made of business people and political figures from 24 countries acknowledged the work of the Moroccan institution, which is also ranked as the country’s leading bank. The […]
Doha proposed the organization of an international conference to relaunch Tunisia’s battered economy, which has been affected since the 2011 revolution. The proposal was made on Wednesday by Emir Tamim Ben Hamad Al Thani during during talks with visiting Tunisian President Caid Essebsi. President Essebsi welcomed the announcement and thanked the Qatari Emir Tamim Ben […]
Tunisia’s economy will witness little growth this year (2 per cent) and next year (3.5 per cent) with tourism and agriculture sectors still in difficult situations, the Central Bank announced. The Central Bank’s report indicates that contrary to 2015 marked by a growth rate estimated below 1 per cent, hitting nearly 0 per cent, Tunisia […]
Deputy Crown Prince Mohammed bin Salman announced Monday a large-scale reform plan dubbed Vision 2030 meant to restructure the kingdom’s economy and ministerial departments, reform the educational system, and give long term residency permits to foreigners, among others. Yet, the most outstanding announcement he made is the creation of a $2 trillion Sovereign Wealth Fund […]
IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]
King Mohammed VI launched Friday in Rabat a new structural project of car-manufacturer Renault group in Morocco called “Renault Ecosystem.” The project, meant to consolidate the positioning of the Moroccan automotive sector on the world chessboard, requires an investment of about $1.0 billion and will develop a global supply platform for the manufacturer. The sovereign […]