First Independent Mena Newspaper
Algeria’s national agency for youth employment (ANSEJ) Wednesday announced that it has sponsored creation of 350,000 micro-companies nationwide since its creation. According to the Managing Director of the agency, Zouaoui Abdelhamid over one million jobs have been created in those 350,000 micro-companies. Abdelhamid was speaking at company creation fair entitled “micro-company, alternative to oil” organized […]
Morocco will have its first Islamic bank next year, according to a statement made lately in Kuwait by governor by the central bank of the North African country Abdellatif Jouahri. Morocco will become thus the latest Muslim-majority country to develop a regulatory framework specific to Islamic finance after the parliament approved last year a bill […]
After deciding last Wednesday to suspend their membership in Nidaa Tounes, the 31 members of parliament (MP) on Monday resigned from the party and vowed to form an independent group “to protest the non-democratic way in which the party has been managed” said Hassouna Nasfi, one of the protesting deputies. The resignation will reduce the […]
Algerian business tycoon Issad Rebrab said in an interview from Brazil that Algerian authorities want to arrest him on cooked bases. “Those people need not an arrest warrant to arrest me. I have received some information from reliable sources that they will arrest me as soon as I return to Algeria in order to silence […]
A Tunisian delegation composed of senior officials has ended a visit to the United Kingdom with the hope that the travel warning issued after 30 British tourists were killed at the terror attack in Sousse will be lifted. The officials said warnings against non-essential travels to Tunisia would ruin the economy and could push people […]
Iran’s nuclear historic pact is not only a political and diplomatic win for peace in the region but is expected to boost trade and economic cooperation in the region. Turkey is already rubbing hands to resume trade with Iran. Turkish Finance Minister Mehmet Şimşek said on Tuesday after the pact was announced that Turkey will […]
Morocco which has already become, thanks to its economic openness policy, an international trade hub can rightfully aspire to join the club of emerging nations but further efforts are needed to address some malfunctions and improve the business environment. The remarks were made on Wednesday by Morocco’s King Mohammed VI who pointed out that catching […]
In 2011, Libya’s economy contracted to around 60% but according to the International Monetary Fund, it grew by more than 100% in 2012 as it continues to recover. It is forecasted to reach around 16.7% this year after attaining 121.9% in 2012. The head of an IMF mission which went to country, Ralph Chami, stated […]
During the inauguration ceremony of the National Initiative for Economic Launch, the Egyptian Prime minister said that there are expectations that some prospective investments can “help reduce the budget deficit” before the end of the year because these investments can go up to LE20 billion. These remarks came after saying that the transfer of funds […]
Algeria has been urged to diversify its economy which is heavily based on revenues generated from oil exports. This remark was made during the periodic assessments of the Algerian economy in the current year which has just a few days to go. The International Monetary Fund (IMF) and World Bank (WB) did show their satisfaction […]