First Independent Mena Newspaper
Morocco’s Electricity Utility (ONEE) selected two British firms as technical and financial advisors for its gas to power project. The London-based law firm Ashurst has been selected under a contract worth €1.9 million, while the Emirati branch of the British bank HSBC won a legal contract standing at $7.2 million. The gas to power project […]
The Egyptian government has obtained a German financial support for three power projects to be carried out under the supervision of German group Siemens, through their local partners Orascom Construction and El-Sewedy Electric. The three projects will cost $ 6.3 billion lent by Deutsche Bank, HSBC Germany and German Bank of Reconstruction (KfW). The loan […]
Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is planning expansion in Africa markets to tap demand in countries with a large Muslim population. In Africa, The bank has “looked closely” at Algeria and Morocco, Chief Executive Officer Tirad Mahmoud told reporters. “We are actively visiting locations where we may be […]
The European Bank for Reconstruction and Development (EBRD) has placed a great deal of interest in the Egyptian private sector and with a total budget of €688m dedicated to investments in 30 projects in Egypt and other regional countries such as Morocco, Tunisia and Jordan. With nine projects over the past 18months, the bank has […]
The drop of benefits prompted banks, fast earning mongers, to proceed to a wave of dismissals. In 2011, Barclays already split up with more than 4,400 employees, Crédit Suisse planned to expel 2,000 persons and Lloyds Banking Group, 10,000. The massive suppression of jobs is a trend that has affected the financial world for many […]
Tunisia will be introducing its financial transactions to Sukuk for the first time next year alongside Egypt according to CIMB Group Holdings and OCBC Al-Amin Bank with the global sukuk sales tipped to surpass 2012 record of $46 billion in 2013. Sukuk has been attracting countries after the global economic crises took centre stage. Countries […]