First Independent Mena Newspaper
Eric Le Borgne, lead economist at the World Bank, has urged Lebanese policy makers to focus on the country’s longstanding and worsening structural challenges because they are becoming more binding if the international ranking among key investment climate assessments is taking into consideration. Regional conflicts and the influx of refugees increased pressure on the country’s […]
Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields. The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]
The ceremony for the launching of the construction of Turkey’s first nuclear power plant was held on Tuesday and Energy Minister Taner Yildiz hailed the importance of the multimillion dollar project saying that “development cannot happen in a country without nuclear energy.” The plant will be built in Akkuyu in Mersin province on the shores […]
The Russian president Vladimir Putin has decided to lift the ban imposed on arms sales and exportations to Iran for its nuclear program, prompting anger of Washington and several Middle-eastern countries. President Putin signed Monday an executive order cancelling the ban imposed on Iran, paving the way for the delivery of Russian weaponry to Teheran […]
The World Trade Organization has chosen Marrakesh, its birth place, to celebrate its 20th anniversary through the organization this April 8-9 of a high-level conference on the topic “WTO 20 years: celebrating successes, meeting challenges to come.” The conference, to be attended by the WTO Director-General Roberto Azevêdo and some 40 African Trade Ministers, will […]
Casablanca Finance City has leapt up 9 places in the new ranking of the Global Financial Centers Index (GFCI) released on Monday in Busan, Korea. According to this new ranking, unveiled in the seventeenth Global Financial Centres Index (GFCI 17) which rates 82 financial centers, Casablanca Finance City has moved up from the 51st rank […]
Morocco’s King Mohammed VI has underlined the strategic importance for Africa to promote a multidimensional partnership to ensure its development, the need to push forward regional economic integration and the necessity to develop common areas for shared prosperity that allow for the free movement of goods and people. Africa needs “a multidimensional partnership model involving […]
British Petroleum has announced an investment of 11 billion euro for the development of landmark gas project in Egypt’s West Nile Delta (WND) sites expected to produce up to 1.2 billion cubic feet a day, equivalent to about 25 per cent of Egypt’s current gas production. According to BP, the WND output will significantly boost […]
Teheran, which is facing growing pressure from the West to reach a nuclear deal in Geneva, is currently considering the purchase of a Russian advanced anti-aircraft missiles system, a deal, which if approved, is expected to irk Western powers. The chief of the Russian state arms firm Rostec, Mr.Sergei Chemezov said the company offered to […]
Maroc Telecom’s growth expectations for 2014 have been fulfilled as the net income of Morocco’s leading telecommunications group increased by 5.6% to MAD 5.850 billion compared to MAD 5.540 billion a year earlier, i.e. a net margin of 20.1% in progress by 0.7 points. Last year, the consolidated revenue of Itissalat Al Maghrib or IAM […]