First Independent Mena Newspaper
Governor Hisham Ramez of the central bank has said that the foreign cash reserve recession rate may decline by next month. The central earlier on this month announced that the reserves had reached US$13.6 billion, which would amount to a 16-year low, compared to $36 billion on the eve of the 2011 uprising that ousted […]
Doing business in North Africa seems to be very challenging and still largely for the intrepid. The World Bank’s annual survey ‘Doing Business’ provides data on the relative easiness (or difficulty) of running a business around the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive […]
After decades of elusive quest for a common Arab economic space and EU-promoted trials with the fluky Euro-Mediterranean Free Trade Agreement (EU-MFTA), the economies of the MENA region are facing the challenge of deciding whether to bury or revive the ‘frozen’ regional integration processes. Prior to the events of the Arab Spring, the MENA member […]
Moroccan real estate group Alliances Développement Immobilier (ADI) has won a housing deal under which it will build some 7000 dwellings in Côte d’Ivoire, mainly in capital city Abidjan and surrounding areas. The deal related partnership agreement was signed earlier this week in the World Bank headquarters in Paris on the sidelines of the meeting […]
The minister responsible for investment has voiced out that the country’s actual economic situation might force the government to ask for a precautionary standby credit line worth $2.5 billion from the International Monetary Fund. He said they not completely ruling out the idea because they need the sum in order to give assurances to their […]
The gap between the Algerian regime favourites and the majority of the population, which is living in rather difficult conditions, is increasingly widening although the country’s oil resources generate huge resources. While the Arab Spring wave swept over many neighboring countries in the region, Algeria has largely been spared large-scale unrest. Nonetheless, the government has […]
Huge financial challenges lie ahead according to Finance Minister Slim Besbes with estimations pegged around 7 billion dinars. The country is struggling to stand on its feet and it is hoping to raise the amount through loans and aids. The economy and revenue earning ventures are suffering from the effects of the revolution and the […]
Abdurrahman, 30, graduated from college two years ago. Immediately after graduation he started the grueling job search process. First he applied for the public sector and took part in many hiring competitions but failed in them all. Then he sent his résumé to private employers but most of the time he received no answer and […]
Vienna plays host November 6 through 8 to the seventh annual North Africa oil and gas summit that will provide attendees with the opportunity to share insights on the region’s recent development prospects and a concrete understanding of the available blocks, evolving fiscal and legal frameworks and contractual terms from strategy leaders in the region. […]
The World Bank has warned that the fiscal crisis in the Palestinian territories is deepening, urged donors to take urgent action to face up the situation and called for lifting the barriers preventing the private sector development. In a report on Palestinian economy monitoring released Wednesday, the international financial institution underscores the key role a […]