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Egypt's Hermes sells Bank Audi stake

Investment bank EFG Hermes, the biggest publicly traded Arab investment bank, said Monday it sold its entire stake in Lebanon's Bank Audi in a deal valued at $913.4 million. Shares in the Cair……

0Addou19-01-2010 23:51
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  • Morocco seeks Islamic financial system
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Morocco seeks Islamic financial system

As of January 2010, the VAT on alternative banking products like Mourabaha and Ijara will be 10%, as opposed to the 20% that was previously charged. Lenders will offer leasing (Ijara) products, wh……

0Addou19-01-2010 23:47
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  • First money transfer service for Morocco
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First money transfer service for Morocco

Dear Mr Washington, IN THE USA YALL POOR OF KNOWLEDGE! Though I had an impression that probably pple from Washington would be richer. Thanks Mr W. for letting me know! PS: think before open……

2Addou27-02-2010 12:50
by hichamg
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BES invests in Algerian lessor

Banco Espirito Santo (BES), Portugal's third largest bank, Swicorp and Banque Extérieure d'Algérie (BEA), Algeria's largest bank, announced a partnership in the Algerian leasing sector ……

0Addou12-01-2010 22:13
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Santander sells 10% stake of Attijariwafa

Banco Santander, announced that it has sold to the Moroccan Société Nationale d'Investissement, or SNI, 10% of the share capital of Attijariwafa Bank, at a price of Dirhams 4,149.4 million, or a……

0Addou06-01-2010 00:42
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Egypt banks to invest in Nile basin.

Egyptian banks plan to invest in growing strategic crops in the Nile basin countries including Ethiopia. Banque Misr SAE and the Export Development Bank of Egypt are among banks that will take part……

0Addou06-01-2010 00:23
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GPB Comes to Amsterdam

The Moroccan banking group Banque Populaire du Maroc Group (GPB), the largest bank in Morocco, has opened a new headquarters and bank shop in Amsterdam. The move to open such a branch is part of a ……

0Addou29-12-2009 23:44
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Morocco will not devalue currency

Morocco decided to keep its key interest rate unchanged at 3.25 %, said the country’s central bank, Bank al Maghrib, in a statement following its quarterly board meeting, The bank has also k……

0Addou29-12-2009 23:38
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"Gafsa Net Expo” for more investments

Tunisia IT, will Organize "Gafsa Net Expo “in February 2010, the forum will take place in the town of Gafsa, in Southern Tunisia. The event is initiating a series of meetings aiming at f……

0Addou22-12-2009 21:47
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Label'Vie : Degradable carrier bags launched

The supermarket chain, Label'Vie, has launched Morocco’s first 100% biodegradable plastic carrier bag in an effort to reduce landfill waste. Label'Vie supermarket group signed an ag……

0Addou22-12-2009 21:31
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BT awarded 2009 ''Bank of the Year''

The Banker, an affiliate publication of the Financial Times, has chosen Banque de Tunisie (Bank of Tunisia) as “Bank of the Year in Tunisia ” for 2009. The Banker's 10th annual co……

0Addou15-12-2009 19:23
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Morocco, Tourism new policy

Despite the difficult year brought on by the global economic crisis, Moroccan tourism was able to achieve strong growth in 2008. Tourist arrivals in Morocco have risen, in the year to October, by 6% c……

0Addou15-12-2009 19:20
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  • EU supports Morocco with $100m
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EU supports Morocco with $100m

Worth 680 million dirhams (about $87,997,409), the first agreement will support and promote exports, development project and investments launched in the North African country. The second agreement……

0Addou09-12-2009 00:15
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  • Tunisia boosts exports to African countries
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Tunisia boosts exports to African countries

The move is to discover the African market and to increase Tunisian’s capacity to promote exports into targeted markets and also strengthen opportunities of partnership and investment between Tu……

0Addou09-12-2009 00:11
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Egypt eyes solar power exports

Egypt, plans to start its first solar power unit in 2010, and wanted to expand solar power production for possible export to Europe via Libya and Tunisia, which are in turn linked with Morocco and Spa……

0Addou04-12-2009 00:04
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Morocco, sign agreement in export promotion

Morocco and the International Trade Center (ITC) signed, a cooperation agreement, according to the Moroccan news agency MAP, the deal aims to implement the "Enhancing Arab Capacity for Trade"……

0Addou02-12-2009 23:16
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  • Low cost airlines boost competition in Morocco
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Low cost airlines boost competition in Morocco

The liberalisation of the air transport sector and the agreement with the EU have allowed for an evolution in air traffic in the 2004-2008 period, practically 17% per year. Morocco is the first non……

0Addou02-12-2009 00:23
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Tunisia promotes use of ICT in public transport

Tunisian transportation company (SNTRI), signed an agreement with the Center for Research in Telecommunications (CERT), setting up an intelligent transportation system. Under the agreement, CERT is……

0Addou02-12-2009 00:13
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  • African countries receive $1.1bn
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African countries receive $1.1bn

Cairo is grossly under prepared to serve one of the world’s largest cities of over 17 million. The economic and environmental costs of the megacity’s pollution and traffic congestion have ……

0Addou24-11-2009 22:36
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USTDA to support Moroccan airline operations

USTDA extended Morocco $337,880 grant to support Royal Air Maroc's plans to modernize its airline operations. The grant is expected to aid airports in the north African country in a bid to ……

0Addou24-11-2009 22:31
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Alstom Wins Casablanca Tram Contract

Alstom Transport, the French engineering company, has won a 120 million euro contract to build a tramway network in Casablanca, Morocco's business capital. According to the contract, which cou……

0Addou17-11-2009 23:43
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  • EIB supports Morocco
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EIB supports Morocco

The loan would finance the expansion and upgrading of 98 km long highway linking Casablanca and Rabat. Autoroutes du Maroc (ADM) plans to widen the Rabat-Casablanca highway and build about 41km hig……

0Addou17-11-2009 23:24
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  • Egypt: Nile River to transport more cargo
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Egypt: Nile River to transport more cargo

Already there are two existing tenders for the ports in the northern Mediterranean city of Alexandria and in Qena in central Egypt. Four more cargo ports are eyed in 2010 for tender. Currently, 98%……

0Addou10-11-2009 23:34
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  • Morocco falls on EU for transport deal
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Morocco falls on EU for transport deal

The ministry pointed out the considerable funds needed to carry out Mediterranean road projects and warned against the infrastructure gap in the Mediterranean region if more financial resources and in……

0Addou10-11-2009 23:25
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  • Algeria plans to ban old vehicles
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Algeria plans to ban old vehicles

The ministry will develop the criteria for the forcible retirement of vehicles aged 30 years and over. Deaths resulting from car crashes soared by 7 % in 2009, as compared to the same period last ……

0Addou04-11-2009 00:10
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