First Independent Mena Newspaper
Reports by Kuwaiti Daily claiming that Egypt’s Field Marshal Abdel-Fattah El-Sisi is going to run for presidency were denied by the military’s spokesman Colonel Ahmed Mohammed Ali. He referred to the report as the Kuwaiti Daily’s own “interpretation”. The original statement of El-Sisi was posted on his official Facebook page. Expected to run for president, […]
Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]
Tunisian authorities are under pressure to reduce the hardship on the population as public protests continue to increase. The government said it is trying to convince the International Monetary Fund (IMF) for half a billion dollar loan in order to take the necessary actions. The looming elections could slow IMF’s decision. Finance Minister Ilyas Fakhfakh […]
The visiting International Monetary Fund (IMF) team to Tunisia has ended its tour of the country with dissatisfaction. The head of the mission Amine Mati said the current situation of the country has forced investors interested in the country to adopt a “wait and see” attitude as the political crisis lingers. IMF is urging Tunisian […]
Despite the threatened stability in Egypt, the International Monetary Fund (IMF) is willing to provide loans if it is deemed necessary by authorities in Cairo. Egypt is going through political, economic and financial crisis as political differencescontinues to be the center stage. IMF’s regional director, Massod Ahmed, said they are “keen to support” the North […]
When in January 2013 the chief of the International Monetary Fund (IMF), Christine Lagarde, attended the 5th international conference of finance ministers and central banks governors of the Maghreb countries, she talked about the necessity of boosting growth and employment within the region, while also reminding the distinguished audience that political issues still constitute a […]
A top economic consultant and advisor of the Algerian government, Abdelhak Lamiri, has hinted that the government could be announcing economic reforms which could open the economy to foreign investors after the 2014 elections. In recent times, the government has taken several policies oriented towards liberalization. The current government is gearing up for an immense […]
After he had been elected best Finance Minister for the MENA region for 2012 and Minister of Finance of the year 2012 by the «The Banker», a magazine of the Financial Times press group, Morocco’s former Minister of Economy and Finance, Nizar Baraka, earned another consecration in 2013, this time from the World Bank and […]
Finance Minister Alkilani Abdelkarim al-Jazi has warned that the blockage of oil ports should come to an end as soon as possible because the finances of the state have begun to feel the effects. Oil is Libya’s major revenue and the siege on ports and oilfields especially in the east have almost brought production to […]
Algiers has shifted its attention to agriculture after warnings from the World Bank and the International Monetary Fund of the necessity to diversify its oil based economy. Recent studies have claimed that its reserves are depleting. Agriculture is now the booming sector in the country and provides more employment than the oil industry after hefty […]