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Stories written by jaberali

AttijariWafa Bank Gets African Bank of the Year Trophy


The Moroccan banking group Attijariwafa Bank was awarded on Monday in Geneva the ‘African bank of the year’ trophy at the 5th edition of the Africa CEO Forum. The bank’s CEO Mohamed El Kettani received the prize from Amir Ben Yahmed, Founder and President of the Africa CEO Forum. Attijariwafa Bank is ranked Africa’s fourth […]

March 22nd, 2017 | Posted in Headlines,World News | Read More »

Russia warns Israel over actions in Syria


Russia has sent a message to Israel warning that its in-and-out military operations in Syria will not be tolerated. Following last week’s incident, the Israeli ambassador to Russia was summoned to the Foreign Ministry to informed about Moscow’s concerns about the airstrikes which struck close to Russian military locations. Deputy Foreign Minister Mikhail Bogdanov said […]

March 21st, 2017 | Posted in Gulf News,Headlines | Read More »

Algeria still facing “important challenges”, IMF team

Algerian Currency Takes Nosedive after Oil Revenue Plummeting

A team from the International Monetary Fund (IMF) led by Jean-Francois Dauphin which had consultations with the Algerian authorities warned that the North African country “continues to face important challenges posed by lower oil prices.” The statement released by the team noted that despite Algiers’ heavy dependence on hydrocarbon revenue, its foreign reserves are “still […]

March 21st, 2017 | Posted in Energy | Read More »

Lebanon: Protests against tax increment continues


Protests against tax hikes have entered their fifth day in Lebanon as the parliament prepares to approve such plans in the coming weeks. Protesters are claiming that the government should instead focus on fighting corruption as they accuse officials of embezzling public funds through shady public-private contracts. Prime Minister Saad Hariri tried to calm down […]

March 20th, 2017 | Posted in Finance,Headlines | Read More »

Algeria: Bouteflika Makes TV Appearance for First Time in Months


Algerian leader Abdelaziz Bouteflika Sunday appeared on state-run television, after rumors about his health and his ability to rule mounted since he failed to receive German Chancellor Angela Merkel last month. The 80-year old ailing leader was seen receiving the country’s minister for African Union and Arab League affairs, Abdelkader Messahel, but the talks were […]

March 20th, 2017 | Posted in Headlines,World News | Read More »

King Designates Saad-Eddin El Othmani Head of Government


Saad-Eddine El Othmani, member of the leadership of the Islamist moderate Party for Justice and Development and President of the party’s National Council has been designated Head of Government. King Mohammed VI received Othmani, a former Foreign Minister, at the Royal Palace of Casablanca Friday and instructed him to form a new government, a statement […]

March 17th, 2017 | Posted in Headlines,World News | Read More »

Morocco reiterates Commitment to Africa’s Development at Crans Montana Forum in Dakhla


Dakhla, the pearl of the southern provinces, is hosting the annual Crans Montana forum, which brings together leading figures in the fields of economy and politics. The event opened with a Royal Speech highlighting Morocco’s steadfast commitment in support of Africa’s development. “Morocco believes in Africa’s capacity to rise to the challenges facing it and […]

March 17th, 2017 | Posted in Headlines,World News | Read More »

Libya: Clashes erupt again in Tripoli after ceasefire deal


Fresh clashes have broken out in the Libyan capital a few hours after an agreement announcing an “immediate ceasefire” was signed by the UN-backed Government of National Accord (GNA), local mayors and militias from Tripoli and third city Misrata. Clashes erupted in the capital since the beginning of the week between pro-GNA forces and other […]

March 17th, 2017 | Posted in Headlines,World News | Read More »

Yemen: “A solution is close”, UN Special Envoy


There is hope at the end of the tunnel, if both sides willingly discuss the security aspect that will safeguard the political roadmap outlined during the talks held in Kuwait last year, despite the numerous challenges, claims the UN Special Envoy for Yemen Ismail Ould Cheikh Ahmed. Ismail told France 24 that “a solution in […]

March 17th, 2017 | Posted in Headlines,World News | Read More »

King Mohammed VI to Appoint another Member of PJD Head of Government in Replacement of Benkirane


King Mohammed VI has discharged Abdelilah Benkirane, the leader of the Party for Justice and Development, winner of the parliamentary elections held last October, from the mission to form a government, and decided to appoint another member of the PJD as the new Head of Government. The Royal office announced in a communiqué released Wednesday […]

March 16th, 2017 | Posted in Headlines,World News | Read More »

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