First Independent Mena Newspaper
The country is going through a transition period but its financial limitations has forced the Prime Minister to call for more financial support “before it’s too late” because those that pledged to help have not lived up to expectations. Prime Minister Hamadi Jebali called on the West to come to the country’s aid as he […]
Huge financial challenges lie ahead according to Finance Minister Slim Besbes with estimations pegged around 7 billion dinars. The country is struggling to stand on its feet and it is hoping to raise the amount through loans and aids. The economy and revenue earning ventures are suffering from the effects of the revolution and the […]
Francophone African and Maghreban countries will shortly be able to watch a new TV channel, “Bloomberg-Afrique” that will beam its programs in French from the city of Casablanca. The new channel will broadcast programs on the development of the continent in addition to its primary role as a channel of economic and financial information, said […]
Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]
Lately many European banks have been suffering because of the slow European economy. UBS, one of the major Swiss bank wishes to prevent dilapidating profits by diminishing operations that have been jugged risky. Thus deciding to mainly exploit its wealth management group. This bank that is based in Zurich was forced to put in place […]
For the first time in 27 years, the New York stock exchange market closed due to extreme weather conditions. During these last few days the proximity of Hurricane Sandy to this economical center of the US has been known. Many roads were blocked and thousands of residents were told to evacuate. But the decision to […]
The Egyptian government is reportedly seeking financial assistance from Algeria in the form of a $2 billion deposit. Egyptian government sources were quoted by the media as saying that the matter would be discussed at the talks Egyptian Prime Minister Hisham Kandil is holding this week in Algeria with Algerian officials, including with Premier AbdelMalek […]
Tunisia will get EUR 4 million in the framework of the Micromed Program, an initiative launched by the European Investment Bank (EIB) to help promote the microfinance sector in Mediterranean partner countries. The MicroMED Tunisia program was established in response to a call for assistance from the Tunisian Administration in its endeavor to develop the […]
Morocco, which is already a regional leader in microcredit, is poised to develop its strategy in the sector, the aim being to increase the number of beneficiaries to 3.2 million people and to create some 2 million part time jobs by 2020. The announcement was made last week on the sidelines of the international conference […]
A deal has been reached for the acquisition of Al Rashad Finance and Management Advisory JSC (Rashad) together with its business, operations and financial services license by Arqaam Capital. Rashad which was established in the beginning of the year will now be operating under Arqaam Capital Libya and help clients of Arqaam’s regional network participate […]