First Independent Mena Newspaper
The European Union has decided to increase its aid to Morocco for struggle against illegal immigration by 50%, granting the North African Kingdom €500 million, according to Spanish daily El País. This aid, covering the period up to 2027, is double that of the previous period that amounted to €343 million. According to a EU […]
Saudi Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports citing the two partners. “Our investment in Aman Group reflects PIF’s belief in the current potential of the hospitality and tourism industry, both internationally and in Saudi Arabia,” PIF Deputy […]
Group One Holding, a Singapore-based company backed by Qatar’s wealth fund, Qatar Investment Authority (QIA), is considering a US initial public offering (IPO), reports say. The company is reportedly changing its legal domicile to the Cayman Islands from Singapore as a step towards the listing. Group One Holdings is Asia’s largest global sports media platform […]
South Africa’s coal sales to Europe rose eight-fold during the first six months of 2022 compared with last year as demand for the fossil fuel surged ahead of a ban on Russian coal, according to Thungela Resources, a South Africa-based thermal coal exporter. The European Union banned Russian coal imports in response to the invasion […]
Egypt is considering taking a loan estimated at around $2.5 billion from regional and international lenders to tackle growing economic pressures, reports say. The government, Bloomberg has revealed citing sources familiar with the matter, is negotiating with regional and international banks over the details of the financing. The talks, the unnamed sources told the US […]
Morocco is among the countries most exposed to geological and climate-related hazards in the Middle East and North Africa (MENA) region, says the World Bank in a recently-published report, noting that although Morocco does not contribute as much to climate change as more industrialized nations, it has still experienced the effects of the global climate […]
Morocco, unlike many countries in which small elites cling to unwarranted privileges based on the exploitation of rent positions, has chosen the path of more broad-based prosperity, and its political stability, geographically strategic location, and robust infrastructure, have contributed to its emergence as a regional manufacturing and export base for international companies. The remarks came […]
A Japan-supported international conference on African development — the 8th Tokyo International Conference on African Development, or TICAD 8 — will be held in Tunisia, August 27 to 28. TICAD 8 is expected to focus chiefly on cooperation in the health care field, including the fight against such infectious diseases as the novel coronavirus. “The […]
In a major development in Africa’s capital markets, Angola has launched its first initial public offering (IPO), which could lead to a slew of privatizations of some of the country’s biggest conglomerates. In June, Banco BAI, Angola’s largest private bank, floated a 10% stake following the country’s first initial public offering (IPO), viewed by observers […]
Danish shipping company Maersk is planning to inject around $500 million worth of investments into the Suez Canal Container Terminal in East Port Said, statement issued by the Suez Canal Authority (SCA) indicated Thursday. The money will go into the development of a new container dock with a length of 1,000 meters beside the current […]