First Independent Mena Newspaper
U.S. exports to Morocco have more than tripled in the decade following the entry into force of the Free Trade Agreement between the two countries, Global Trade Magazine says in an Article on August 31. Citing data released by the International Trade Administration, the Magazine notes that with the entry into force of the Morocco-USA […]
The Egyptian government is putting the final touches on new foreign direct investment (FDI) council to be launched very soon in a bid to drain more foreign capital needed by the North African country to support its battered economy. President Abdel Fatah al-Sisi has given green light for setting up a Higher Council for Investment. […]
Tunisian custom files identification brigade Tuesday seized a container full of weapons and ammunition heading towards the governorate of Nabeul. The container was loaded with a sizeable quantity of weapons and ammunition and belonged to a Belgian businessman. The businessman and another Belgian national have been arrested and are being investigated. The Belgian businessman was […]
Mauritania is set to launch on Wednesday a new global initiative, the Fisheries Transparency Initiative (FiTI,) meant to improve the management of fisheries and preserve fish stocks. The move comes following the warning of economic affairs minister Sid’Ahmed Raïss who said that “overfishing by foreign boats is threatening our way of life.” Highlighting the dangers […]
The Mauritanian Government will next month organize a roundtable with its technical and financial partners in a bid to mobilize $117 million necessary to implement the national youth strategic program. The roundtable, scheduled for February 18, will gather Mauritania’s technical and financial partners who will discuss means of mobilizing $117 million necessary to implement the […]
Mauritanian Minister of economy and development Tuesday hailed the progress made by the country on the 2015 Doing Business Group report which places Mauritania at the 168th spot out of 189 countries. 2015 Doing Business Group’s report published last week ranks Mauritania 168th, revealing a jump of 8 spots in two years after the country […]
The World Bank Doing Business 2016 report categorizes Algeria among countries “hostile’’ to investment, placing the country at the 163rd rank out of 189 countries, with Singapore topping the rankings. Despite a myriad of efforts to stimulate economic revival following a plunge of the country’s economy due to the collapse of oil prices, Algeria is […]
Top official of the Lebanese Ministry of Finance warned that the country may collapse if the international community does not assist economically countries taking in refugees. “The support has to be through grants. It cannot be loans,” said Alain Bifani, director general of the Lebanese finance ministry. “As long as we can, we will turn […]
Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
The Mauritanian government received nearly $5 million from the World Bank to back up its environmental protection and ecosystem preservation policy. The donation worth $4.8 million was given by the World Bank’s world Funds for environmental protection. The donation related agreement was signed last week in Nouakchott by the World Bank permanent resident in Mauritania […]