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Lebanon: Protests against tax increment continues

saad-hariri

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 »

Morocco: Over 1,500 delegates signed up for 5th International Africa Development Forum

kettani-ceo

Over 1,500 delegates from twenty countries have already booked their seats for the fifth edition of the International Africa Development Forum to take place in Casablanca March 16-17. The event will play out as meeting ground for African and international economic and institutional stakeholders to discuss “new models of inclusive development in Africa”, event organizer, […]

March 1st, 2017 | Posted in Finance,Headlines | Read More »

Morocco: 3.3 per cent benefit growth for Maroc Telcom Group in 2016

Abdeslam-Ahizoune

Maroc Telcom Group closed the year 2016 with a turnover put at 35.25 billion dirham, accounting for 3.3 per cent growth over 2015 figures, the company said on Monday. The significant growth according to the company’s statement has been possible thanks to the group’s international performance through its branches, mainly in Cote d’Ivoire, Niger, Benin […]

February 28th, 2017 | Posted in Finance,Headlines | Read More »

German Giant Insurer Allianz Group launches Allianz Maroc

allianz-se-logo-final

German Allianz Group, one of the world’s largest insurers, has set up Allianz Maroc following the acquisition of 98.9 pc of Zurich Assurances Maroc and after obtaining the relevant regulatory approvals. “We are confident that we have all the means necessary to claim a greater position in the Moroccan insurance market and will continue to […]

February 23rd, 2017 | Posted in Finance,Headlines | Read More »

Morocco Calls on EU to Ensure Implementation of Farm Deal, or It Will Turn to Other Partners

A farmer picks strawberries, to be exported, in a field in the town of Moulay Bousselham in Kenitra province

The Moroccan government called Monday on the European Commission and the European Council to assume their responsibility to ensure the implementation of the farm deal sealed between Rabat and Brussels within the frame of a broader strategic partnership. A press release issued by the Moroccan Ministry of agriculture and fisheries also called on the European […]

February 6th, 2017 | Posted in Finance,Headlines | Read More »

IMF Commends Morocco for ‘Sound’ Macroeconomic Reforms

imf-zgrada

The IMF Executive Board commended Moroccan authorities for conducting sound macroeconomic policies and reforms, which strengthened the national economy in the face of external vulnerabilities, and forecasts 4.4 percent growth in 2017. These reforms “have helped reduce domestic and external vulnerabilities, enhance the fiscal and financial policy frameworks, and increase economic diversification,” the IMF said […]

January 28th, 2017 | Posted in Finance,Headlines | Read More »

Morocco-KSA, Two Strategic Partners Determined to Boost Economic Ties

morocco-saudi-exchange

Even though Morocco and Saudi Arabia are bound by a strong friendship and political partnership, their economic exchanges remain weak. The two countries’ shared determination to boost trade in 2017 was the élan of the meeting of the Morocco-Saudi Arabia business council held in Casablanca Monday. The year 2017 should mark a renaissance for trade […]

January 25th, 2017 | Posted in Finance,Gulf News,Headlines | Read More »

Algeria: GDP Growth Slows Despite Energy Revenue Upsurge

An Algerian man buys fruit at the Bab El Oued market in Algiers

Algerian government on Sunday said the country recorded slower third-quarter growth despite a significantly better performance from the energy sector. The data released by the statistics office show overall GDP growth was 3 percent in the third quarter, down from 3.5 percent in the same period of 2015. The energy sector in Algeria has expanded […]

January 23rd, 2017 | Posted in Finance,Headlines | Read More »

EBRD Invests Over € 1.3 Bln In North Africa & Jordan,

ebrd

The European Bank for Reconstruction and Development (EBRD) has invested in 2016 more than €1.3 billion in 41 projects in Morocco, Tunisia, Egypt & Jordan. The investments were made in the energy and renewable energy sectors, as well as in infrastructure, agribusiness and small and medium-sized enterprises (SMEs.) Hildegard Gacek, EBRD Managing Director for the […]

January 19th, 2017 | Posted in Finance,Headlines | Read More »

Morocco Gives Green Light for five Islamic Banks

morocco-central-bank

Morocco’s central bank, Bank Al Maghrib, gave its approval to five Islamic banks to start operating in Morocco and allowed three French banks to sell Islamic products. The central bank added in a statement that it has set up a central sharia committee including a body of Islamic scholars to oversee the new sector. Three […]

January 4th, 2017 | Posted in Finance,Headlines | Read More »

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