First Independent Mena Newspaper
In a move to restore its economy after the 2011 uprising, Tunisia plans to issue for the first time an Islamic bond or sukuk worth 700m dinars ($435.85m) with the guarantee of the Islamic Development Bank and $1.8bn in new foreign bonds this year; $880m guaranteed by the United States and $1bn guaranteed by Japan. […]
The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
Morocco seems to be fulfilling the promise it made to its citizens about two years ago – it has just embarked on a long journey of fighting youth joblessness. The youth unemployment rate has been for quite some time reaching staggering levels – more than 20 percent for men and almost 40 percent for women […]
Political crisis is continuing to do damages to the Tunisian economy and rating agencies have been continuously rating it negatively due to political uncertainty. The country is on the verge on facing the same foreign currency reserves that Egypt is going through before the intervention of Qatar lately, sources revealed. Qatar National Bank is reported […]
King Mohammed VI of Morocco has vehemently criticized the shortcomings of the educational system in his country blaming the current government, led by the Islamist Justice and Development Party (PJD) for the inadequate policy followed in the sector. In an unusually severe and critical tone, Mohammed VI deplored in a speech he made on Tuesday […]
The World Bank has voiced support for the efforts made by Algeria to diversify its oil-dependent economy, boost the private sector, improve governance and create job opportunities for the young people & graduates. At the end of a three-day visit to the North African country, WB Vice President for the Middle East and North Africa, […]
By international standards, extreme poverty or destitution is relatively low in the countries of North Africa. According to the World Bank, the number of those living below 2 USD a day was 13.9 percent in 2008, which would make the region of Middle East and North Africa (MENA) the fourth poorest region in the world […]
World Bank Vice President for the North Africa & the Middle East, Mrs. Inger Andersen, has paid lately a three-day visit to Libya carrying a message of hope and support to the efforts made by the new Libyan authorities to build a new democratic State. During her visit, first of its kind since the fall […]
The World Bank has approved a $203 million loan for Morocco to support the efforts made by the North African country to modernize its agricultural sector expected to create 1.5 million jobs by 2020, offer better opportunities to small and large-scale farmers and enhance their competitiveness. Morocco has mapped out an ambitious national strategy for […]
At the end of his two-day visit to India, the Egyptian president has expressed his expectations of joining the group of fast growing economies known as the BRICS; an acronym for Brazil, Russia, India, China and recent member South Africa. President Morsy was speaking at a business forum when he said “Egypt is hoping to […]