First Independent Mena Newspaper
The European Union (EU) Thursday announced it would grant Tunisia a new assistance package worth €300 million next year but in the form of donation aside from regular financial assistance also doubled to reach €300 million. The EU has established itself as a strategic partner of the nascent Arab democracy. The 28-member bloc will double […]
Tunisian authorities are on cloud nine as expectations for “Tunisia 2020” international forum seem to be met with 34 billion dinars investment including 15 billion dinars pledged through conventions. The two-day event was not like empty promises made in 2014. Youssef Chahed, country’s Prime Minister oversaw signings indicated Wednesday that Tunisia is back on the […]
Morocco’s capital city of Rabat will host next Sept.8th an international conference on climate change in the Mediterranean ahead of COP22 scheduled in Marrakech Nov.7-18, 2016. Organized by the European Investment Bank (EIB) and the Union for the Mediterranean, the conference on “Climate Action in the Mediterranean” will discuss climate change adaptation, mitigation and climate […]
The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]
The European Investment Bank (EIB) has granted Morocco this week a 75 million loan destined to help the North African country carry out projects aimed at increasing the capacity of the water production & distribution and improving sanitation networks. This financing operation backs Morocco’s 2012-2016 national strategy to provide the population with fair access to […]
Cairo’s request for a €50.20 million loan from the African Development Bank (AfDB) for agricultural purposes has been approved by the bank’s board. The amount will be used to implement the Egyptian National Drainage program (NDP) destined to improve the country’s agricultural production and household income generation by developing irrigation systems as well as avoid […]
A press release from the International Monetary Fund (IMF) has announced that Tunisia’s Stand-By Arrangement (SBA) for a loan around $1.75 billion has been extended to the end of year in order to give time to the authorities of the North African country to “implement the policy measures needed to deliver on forward-looking commitments—notably on […]
Tunisia will soon be receiving the first tranche of the €300 million Macro Financial Assistance (MFA) program that the European Union allocated to the country in May 2014 to help it overcome its financial crisis. The amount is a loan that supports the Stand-by Agreement that was approved by the International Monetary Fund (IMF) in […]
Egypt has received a financial support from the European Bank for Reconstruction and Development (EBRD) which provided the most populous Arab country a € 55 million loan for the construction of two new wastewater plants. The money will also fund the expansion of three existing plants and the installation of 700 km of pipes and […]
The European Investment Bank (EIB) has dedicated 270 million Euros to help Tunisia boost employment among young people, diversify the private sector, and develop infrastructure in the poorest regions in a statement from the bank. The loans were finalized by the bank in two different contracts. The first contract was concluded between the European Investment […]