First Independent Mena Newspaper
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 […]
A 40-page analysis report drafted by Steen Lau Jorgensen, World Bank’s director for Gaza and the West Bank, has highlighted that Gaza’s economy is “on the verge of collapse” due to restrictions, poor governance and internal struggles. The report described Gaza’s economy as the worst in the world with almost half of the 1.8million people […]
The World Bank Group and Egypt will be discussing means of improving the country’s investment climate and competitiveness in order to boost economic growth. Anabel Gonzalez, Senior Director of the Trade and Competitiveness Global Practice at the World Bank, will be meeting with government officials as well as representatives of the private sector during her […]
Morocco’s King Mohammed VI called on Wednesday for more social justice and stressed the need to see to it that all Moroccans benefit from their country’s wealth. The King who was delivering a speech on the occasion of the 15th anniversary of his enthronement, said that despite the tremendous progress scored at the democratic and […]
Morocco has pleaded for the advent of a new Maghreb order and for the construction of a large, strong Maghreb so that the region plays its political, economic, social and security role, so that Maghreb countries make the most of their vast potential, and so that the Maghreb Union supports Arab and Islamic causes, particularly […]
When Mehdi Jomaa assumed the role of Tunisia’s interim Prime Minister in late January, he did not know how disastrous the true economic condition of his country was. He admitted it roughly a month later during a televised interview by saying that the hole in the budget deficit was about 4 billion dinars (2.5 billion […]
The World Bank and Kuwait have boosted Egypt with funds to help Egypt in its rebuilding efforts. Kuwait attributed a billion dollar grant while the World Bank gave $300million loan for the promotion of small and medium sized enterprises. Unemployment in Egypt has been drastically reduced because people have started to venture into self-employment. The […]
Tunisia’s interim Prime Minister, Mehdi Jomaa, talked about security in North Africa in the aftermath of the Arab Spring which affected all the countries in the region and the struggling Tunisian finances. He is in the U.S to meet President Obama and their discussion would be centering on Tunisia’s transitional period and its walk towards […]