First Independent Mena Newspaper
IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]
Algeria’s “social model” known for its significant subsidy program is “unsustainable even if oil prices go up because we have a problem of price but also a problem of volume.” The statement was made by Abdelatif Benachenhou, former finance minister and economic adviser to President Abdealziz Bouteflika, who said that the state spends around $45billion […]
The World Bank Group has worked out a new ambitious strategy to deal with the economic and political fallout of the conflicts rocking the region of North Africa and the Middle East. The goal is to lay the foundations for long-term peace and stability. With the support of the United Nations and the Islamic Development, […]
The International Monetary Fund (IMF) expects Mauritania’s real GDP growth to reach 4.2 percent in 2016 thanks to a rebound in mining production. After concluding a recent review of the country’s economic situation, the IMF says economic activity in the non-extractive sector is expected to remain subdued, with growth slowing marginally to 2.9 pc in […]
Around 3,000 law enforcement agents marched towards the presidential palace Carthage Monday to claim better work conditions and risk premiums while social riots across the country are still going on. The protest has been in the pipeline since the November 2015 suicide attack in Tunis which killed 12 members of the presidential palace guard unit. […]
The Spanish group Europac, specializing in the production of packaging paper and cardboard, inaugurated this week an integrated packaging plant in Tangier Automotive City (TAC,) dubbed Europac Packaging Med. The plant, the company’s first outside Europe, required a €30 million investment, which is the largest amount injected by the Europac Group in an industrial unit […]
Morocco is participating in the 81st International Green Week held in Berlin January 15 through 24 as the first African Partner Country of the event. The Moroccan pavilion displays a variety of farming products and processed foods and features a rich program of activities meant to make visitors discover the North African country and its […]
Forbes Magazine’s 2015 ranking of business-friendly countries revealed Thursday puts Tunisia at the 82th position highlighting a progress in terms of personal freedom to under-take. Ranked 87th last year, Tunisia bounced back with few spots to reach the 82nd position over 144 countries, mainly for the little progress on personal freedom criterion. The Magazine estimates […]
Morocco’s macroeconomic situation continues to improve. After declining to 2.4 pc in 2014, growth is expected to reach 4.7 pc in 2015 thanks to a good agricultural season and improvements in construction activity, said the International monetary fund (IMF). However, non-agricultural growth remains sluggish, including in sectors related to tourism, which are affected by geopolitical […]
The Tunisian Ministry of Defense announced Monday two of its soldiers have been killed and four wounded in a clash with Jihadists near the Algerian border as they were on an operation to free a man kidnapped by the militants. During a search operation, jihadists hiding out on Mount Sammama opened fire on the soldiers, […]