First Independent Mena Newspaper
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 […]
The private equity sector in Morocco and Tunisia has received a $ 26.1 million grant from the European Bank for Reconstruction & Development (EBRD) to support the development of the private equity market in two North African countries, rocked by the Arab Spring. The financial assistance will also serve to rev up equity funding for […]
Egypt and Malaysia look forward to setting up a free trade zone to boost the weak trade exchanges between the countries having great economic potentials and huge consumer markets. The two countries trade ministers have agreed to start negotiations on a free trade agreement (FTA) expected to lead to a progressive liberalization of trade between […]
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 […]
Few months after the collapse of the despotic regime of Muamar Gadhafi and despite the difficult democratic transition the new Libya is experiencing, several foreign businessmen operating in various industrial and services sectors are packing and preparing for their return to this North African country, dubbed “land of opportunities”. Despite the recent unrest, there is […]
The Algerian government is planning to invest over $ 24 billion between 2012 and 2016 to enhance electricity production and distribution in the North African country experiencing power shortage and outages that have affected lately business and households. Many Algerians were angry over the frequently power cuts in the oil & natural gas producing country. […]
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 […]
New York’s Hometown Airline, JetBlue Airways, has teamed up Morocco’s flag carrier Royal Air Maroc to boost tourism and flight connections between Africa and the Americas, offering passengers new travel competitive options. The two companies have signed an interline agreement connecting their networks and offering passengers the possibility of booking a single-ticket to fly on […]
Iraq’s oil exports during September reached the highest peak in three decades with about 2.6 million barrels per day, earning the country 8.4 billion dollars. The oil ministry which disclosed the figures earlier this week said oil exports in August were slightly lower at 2.564 million bpd and brought in $ 8.445 billion at an […]