First Independent Mena Newspaper
The European Bank for Reconstruction & Development has provided an Egyptian petrochemicals producer Carbon Holdings a $ 11 million loan to help this company reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the funds will be used to improve standards beyond the […]
Morocco reinforced its attractiveness for FDIs on the African continent thanks notably to its political stability and economic reforms, said the London-based multinational professional services firm, Ernst and Young (EY). According to EY’s latest Africa Attractiveness Index (AAI), Morocco was ranked the most luring for foreign investors, followed by Kenya, South Africa, Ghana and Tanzania. […]
Morocco’s Attijariwafa Bank obtained on May 3 the regulatory approval to acquire the Egyptian branch of Barclays which has shifted towards focusing its activity on the US and Britain. Attijariwafa Bank has finally obtained all regulatory requirements to acquire 100% of Barclays Egypt capital after an agreement was signed by the two banks in October […]
The International Monetary Fund has urged countries of the Middle East and North Africa to diversify their economies and implement policies that support jobs and productivity, like education and infrastructure reforms. Growth is slightly improving in this region, largely driven by higher oil prices and improved export prospects, said the IMF in its latest regional […]
After abandoning Syrian refugees on the Moroccan borders in harsh conditions, Algeria proceeded to impose a ban on foreign journalists who have criticized this inhumane act at a moment it continues to lag behind, taking the 134th place in the freedom of the press index, issued by Reporters without Borders. Moroccans come on top of […]
The Head of UN Human Right Commission has lambasted President al-Sisi’s strategy against terrorism as he argued that crackdown on human rights groups and activists fuels the surge in radicalization. Zeid Ra’ad al-Hussein speaking in Geneva Monday noted that even though Egypt deserves to stamp out terrorism, the limitation on human rights rolls out a […]
The Head of UN Human Rights Commission has lambasted President al-Sisi’s strategy against terrorism as he argued that crackdown on human rights groups and activists fuels the surge in radicalization. Zeid Ra’ad al-Hussein speaking in Geneva Monday noted that even though Egypt deserves to stamp out terrorism, the limitation on human rights rolls out a […]
Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]
UK Company SDX Energy Inc. said that its drilling campaign in Morocco remains on schedule for two exploration wells in the second half of 2017, as it has obtained extensions to its exploration permits. The company said the Lalla Mimouna Nord & Sud permits, covering an area of over 2211 km2 located in the Gharb […]
Several rights groups called on the US government to suspend military aid to the Sisi’s regime in Egypt after a video circulated online showed Egyptian soldiers executing as many as eight detainees in the northern Sinai Peninsula. The perpetrators of the executions were said to be members of Egyptian military intelligence. They were shown in […]