Business International

MENA to Spend Over $ 11 Billion on IT

North Africa and Middle East countries will spend $11.4 billion on information technology products and services in 2015, says US firm Gartner Inc. in its forecast. The MENA countries IT spending includes purchase of internal services, software, information technologies services, data centers, devices and telecom services. According to the Gartner forecast, telecom services, which include […]

Egypt Headlines

Egypt: al-Sissi promises peaceful Parliamentary elections

Al-Sissi Monday promised to ensure a peaceful unfolding of the parliamentary elections set for October and November. The Egyptian president who has been running Egypt without any elected parliament is under international fire which criticizes him of ruling the country with iron hand and failing to materialize his promise to organize free, fair and democratic […]

Egypt Features Headlines

Egypt-USA: Sisi and Panetta discuss regional security

Regional security and the joint Arab force project were among the main topics discussed at talks held Thursday in Cairo between Egyptian President Abdel Fatah al-Sissi and visiting former U.S Secretary of Defense Leon Panetta. A statement released by the Egyptian presidency said Panetta is convinced that the joint Arab force being discussed by members […]

Business Emerging Markets Europe Features International

Oman and Spain seal €200m investment fund partnership

Oman and Spain have signed a joint partnership fund agreement that will help the two countries to use the Middle Eastern country as a center for their expansion plans. A €200 million joint investment fund was signed between Compañía Española de Financiación del Desarrollo (Cofides) and Oman’s State General Reserve Fund (SGRF) with both parties […]

Business Features Finance Headlines Morocco

WTO Celebrating 20th Anniversary in Morocco

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 […]

Asia Features International

Israel urges entrepreneurs to focus on Asia

The Israeli government is urging entrepreneurs to switch their attention to Asia as a precautionary measure regarding the unfavorable developments in some European markets. Several companies have already followed the strategic decision as the demand for Israeli developed technology continues to rise. Authorities claimed that anti-Semitism is rising in Europe and the pro-Palestinian boycott, divestment […]

Asia Columns Features International Opinions

Building an Indian Superpower : Modi’s Pakistani First Step

Narendra Modi’s landslide victory for the Bharatiya Janata Party against the incumbent National Congress in India’s national elections has bought a new political dynamic to south Asia’s key strategic actor. India hopes that Modi, a former tea seller and advert for the country’s social mobility, will begin an overdue purge of corruption and elitism. However […]

Business Features Finance Headlines Morocco

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

Features Headlines Tunisia

Tunisia : Minister Reveals Tourism Promotion Strategy

The Tourism Ministry is trying very hard to revive tourism by making it a destination “that’s cheap to one and that is ‘fun’” in order to attract budget holiday destination. Minster Amel Karboul has approved several promotion videos to attract new visitors. Desert tourism is also being developed. Minster Karboul is conscious that Tunisia is […]