First Independent Mena Newspaper
Egypt is expecting foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year, Petroleum Minister Tarek El Molla said. According to Molla, Egypt expects foreign investments to total the same amount for the current fiscal year, marking a 25 percent increase from the previous year. Last year […]
Attijariwafa bank, a leading pan-African banking group, has teamed up with IFC, a member of the World Bank Group, to boost cross-border trade and investment in Africa and support the continent’s smaller businesses. A cooperation agreement was signed by the two sides to enhance investments in both North Africa and Sub-Saharan Africa. The partnership will […]
Japanese companies operating in Morocco have quadrupled in recent years in light of the investments opportunities offered by Morocco, notably in the sectors of car making and electronics, said Japan’s Parliamentary Vice-Minister for Foreign Affairs Shunsuke TAKEI, who is leading a Japanese business delegation on a visit to Morocco. “Japanese enterprises can contribute to the […]
Plummeting oil prices and dwindling revenues prompted the Algerian government to adopt austerity measures including tax hikes and subsidies cuts leading to protests, notably in the restive south and northeast of the country. Algeria, which has nurtured a system based on generous handouts to the population taking the form of subsidies to fuel, electricity, housing […]
King Mohammed VI wound up on Thursday his official visit to Tanzania, second leg of his East-African tour that previously took him to Rwanda. The Sovereign was also due to visit Ethiopia, but this third and last leg of the tour in East Africa has been “postponed” and not canceled, as reported by some media […]
Tanzania, where King Mohammed VI is expected on Sunday afternoon, is the second leg in his tour in eastern Africa, a tour that mirrors Morocco’s steadfast determination to build on economic diplomacy in order to foster political ties with English speaking African countries. The delegation accompanying King Mohammed VI is made up of senior King […]