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Category: Business
IMF: Outlook for Algeria remains uncertain & challenging
The pandemic has increased Algeria’s “ongoing economic vulnerabilities” following a succession of adverse shocks since 2014, said the International Monetary Fund (IMF), affirming that” the ... Read More
Morocco, third destination for remittances from African diaspora in 2021 – World Bank
The kingdom of Morocco is expected to receive $9.3 billion this year in terms of remittances from Moroccan expatriates, representing the third largest on the ... Read More
Morocco-Portugal: Joint Business Council set up to enhance further “win-win” partnership
Moroccan and Portuguese business communities have agreed to set up a joint economic council to give a new impetus to bilateral trade, partnership and investment. ... Read More
Defense: Morocco acquires Israeli “Skylock Dome System”
Morocco has purchased the Israeli “Skylock Dome system”, an anti-drone technology which allows the Royal Armed forces to detect an enemy drone, neutralize it by ... Read More
Géant Casino unveils around $64m expansion plan in Egypt
French hypermarket Géant Casino will invest about $64 million (EGP 1 billion) in Egypt as part of an expansion plan, reports say. The company, a ... Read More
Sahara: Expansion of Dakhla airport to accommodate 1 Mln passenger annually; upgrading of Laâyoune airport
The capacity of Dakhla airport will be increased to one million passengers annually after its expansion from 3,000 m² to 10,000 m² to meet a ... Read More
KSA, Libya to lend Tunisia $1bn to surf economic hardship
Saudi Arabia and Libya will provide Tunisia a loan of $500 million each attached with affordable interests to help the North African country to overcome ... Read More
Egypt’s biggest investment bank takes over state-run Arab Investment Bank
EFG Hermes, Egypt's biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed ... Read More
Morocco: Social protection generalization project on track; implementation to be monitored by inter-ministerial committee
The implementation of the project to generalize social protection will be monitored by an inter-ministerial committee, whose creation was announced by head of government Aziz ... Read More
Libyan & Tunisian Central Banks sign cooperation agreement
The Central Bank of Libya (CBL) and its Tunisian counterpart BCT have inked a Memorandum of Understanding (MoU) for cooperation in many areas including fintech, ... Read More