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Tunisia: FDIs record 18% increase in Q1 2017

Foreign direct investments (FDIs) in Tunisia rose 18% to $177.68 million during the first quarter of 2017, as compared to the same period the year before, according to Eco Fin agency, which mentioned statistics released by the Tunisian Foreign Investments Promotion Agency. Manufacturing and services topped the sectors that captured most foreign investments, attracting respectively […]

April 27th, 2017 | Posted in Finance,Headlines | Read More »

World Bank Expects 2.6 % Growth in 2017 in MENA region

The economies in the region of North Africa & Middle East will grow by 2.6 percent in 2017, down from 3.5 pc posted in 2016, according to the World Bank’s semi-annual MENA Economic Monitor report. But after 2017, thanks to the reforms engaged, the situation is expected to improve slightly and growth could exceed 3 […]

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

PM Chahed: Tunisian Economy growing but fragile

Prime Minister Youssef Chahed has assured dismayed Tunisians that the economy is on its path to revival with growth registered in the tourism, a good agricultural season expected while the production of phosphate has also increased. His statement on state television on late Sunday night was in response to the demonstrations led by youths in […]

April 18th, 2017 | Posted in Finance,Headlines | Read More »

Bahrain: IMF warns about urgent adjustments

At the end of consultations with Bahraini authorities, the International Monetary Fund (IMF) has stated that “a sizeable fiscal adjustment is urgently needed to restore fiscal sustainability, reduce vulnerabilities, and boost investor and consumer confidence.” The warning comes as Manama continues to struggle with the low oil and gas prices. IMF pointed out that tax […]

April 12th, 2017 | Posted in Finance,Headlines | Read More »

Qatar gives UK a hopeful Brexit trade cooperation

Sheikh Abdullah bin Nasser, Qatari Prime Minister and Interior Minister, told participants at the Qatar-UK Business and Investment Forum that the Gulf State has “great confidence” in the United Kingdom and that this will be expressed though “investments over the next decade.” Qatar intends to invest around £5 billion within the next decade and its […]

March 29th, 2017 | Posted in Finance,Headlines | Read More »

Lebanon: Budget draft gets cabinet support, heads to parliament

The Lebanese cabinet approved a budget plan for 2017 and the draft will be forwarded to the parliament for ratification. Details of the draft budget will be revealed by the Finance Minister on Thursday but Foreign Minister Jebran Bassil hinted that “new elements to promote tax justice and abolish protected monopolies were introduced.” Tax reforms […]

March 28th, 2017 | Posted in Finance,Headlines | 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 »

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

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

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

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 »

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