First Independent Mena Newspaper
Nowadays, as prosecution and conviction determine the importance of a story, we are forced to accept the media line. The Strauss-Kahn affair shows how, by way of justice/journalism, the accused was left to the lions. In May 2011, we were the involuntary witnesses of the ex-Head of IMF’s bankruptcy [Destruction? Character assassination?]. Only a few […]
A stronger trade and economic integration among the countries of the Middle East and North Africa is an essential reform that is likely to deliver economic growth on a scale and timetable that would create enough jobs and prosperity for the rapidly growing populations in these countries. “More trade integration would not only create growth […]
Discussions were held in Algeria by the international monetary fund mission. These discussions gathered the minister of Finance, the minister of agriculture and rural development, the minister of labor, employment and social security and the Governor of the Bank of Algeria. All of them reflected on short and medium term economic policies and the influence […]
Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]
Egypt finance minister Muntaz al-Said announced on Wednesday that a new 10% tax on major transactions have been approved by a special cabinet that was formed for this purpose. Although no time limit has been precisely set, according to him this tax will mainly be on gains acquired on Initial Public Offerings (IPOs) and also […]
In May 2012, leaders of the G8 countries met in France in order to discuss an eventual support of the ongoing revolutionary processes of the Arab Spring. Although a number of countries have already helped financially or otherwise, the current amounts of aid implicitly suggest that another Marshall Plan in not going to take place. […]
The Egyptian government is reportedly seeking financial assistance from Algeria in the form of a $2 billion deposit. Egyptian government sources were quoted by the media as saying that the matter would be discussed at the talks Egyptian Prime Minister Hisham Kandil is holding this week in Algeria with Algerian officials, including with Premier AbdelMalek […]
As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]