First Independent Mena Newspaper
Mali and Niger have announced they have nullified two historic tax treaties with France, noting that Paris’s hostility towards both West African nations is the reason for the move. According to a joint statement published on Tuesday (5 December), the cancellation of the two treaties, which was meant to avoid double taxation and help in […]
Algeria’s appropriation bill for 2024 continues on track of prioritizing social peace at the expense of sustainability of public finances, auguring ill for the medium- and long-term macroeconomic balances of the country. The Algerian state will spend 38 billion dollars on its inflated public sector payroll, which takes the largest chunk of budget distribution. Civil […]
Morocco and the UAE signed a deal to invest in the Atlantic gas pipeline that will channel Nigerian gas to North Africa and ultimately to Europe. The deal was part of a series of memorandums of understanding signed during a state visit by King Mohammed VI to Abu Dhabi. It signals the UAE readiness to […]
Morocco is among the three Arab countries selected for the Blue Mediterranean Partnership which aims to support transition to a sustainable blue economy in the southern Mediterranean region. The announcement has been made by the donors and partners of the initiative at COP-28 currently held in UAE. Besides, the North African Kingdom, Egypt and Jordan […]
Global donors pledged Sunday December 3 at the 2023 Reaching the Last Mile Forum, held part of the ongoing COP28 in the UAE, a collective $777.2 million to help control, eliminate, and eradicate neglected tropical diseases (NTDs) in Africa. The event hosted by Reaching the Last Mile (RLM), the global health initiative driven by the […]
Morocco, which is actively participating in the ongoing Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Dubai, got €50 million donation from European Union to promote clean energy and decarbonization in development sectors and signed a joint declaration with Portugal on electrical interconnection between the two countries. The […]
The Rabat-based Islamic World Educational, Scientific, and Cultural Organization (ICESCO) will provide financial grants to the Palestinian students attending Universities and Institutes in Morocco. The initiative, announced as part of the observance of the International Day of Solidarity with the Palestinian People, is meant to offer support to the Palestinian students amid the challenging circumstances […]
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
Morocco’s economic growth is expected to increase to 3.3% in 2023 and strengthen further to 3.6% in 2024 and 3.8% in 2025, according to the projections of the Organization for Economic Cooperation & Development. In its latest report on the North African Kingdom, OECD says a rebound in agricultural production and the services sector, particularly […]
Tanzania’s Foreign Direct Investment (FDI) figures went up almost twofold year-on-year to $1.05 billion between July and September against $524.4 million in the same period last year, a positive development that is widely attributed to growing investor confidence in the East African country. Released by the state-run Tanzania Investment Centre (TIC) in its quarterly bulletin […]