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Egypt's Hermes sells Bank Audi stakegeen reacties, 1063 keer bekeken

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……

19 Jan 2010 by Addou
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Morocco seeks Islamic financial systemgeen reacties, 4208 keer bekeken

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……

19 Jan 2010 by Addou
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First money transfer service for Morocco2 reacties, 7578 keer bekeken

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……

12 Jan 2010 by Addou27 Feb 2010 by hichamg
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BES invests in Algerian lessorgeen reacties, 1000 keer bekeken

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 ……

12 Jan 2010 by Addou
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Santander sells 10% stake of Attijariwafageen reacties, 1270 keer bekeken

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……

06 Jan 2010 by Addou
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Egypt banks to invest in Nile basin.geen reacties, 936 keer bekeken

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……

06 Jan 2010 by Addou
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GPB Comes to Amsterdamgeen reacties, 1168 keer bekeken

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 ……

29 Dec 2009 by Addou
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Morocco will not devalue currencygeen reacties, 1135 keer bekeken

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……

29 Dec 2009 by Addou
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"Gafsa Net Expo” for more investmentsgeen reacties, 1175 keer bekeken

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……

22 Dec 2009 by Addou
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Label'Vie : Degradable carrier bags launchedgeen reacties, 1122 keer bekeken

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……

22 Dec 2009 by Addou
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BT awarded 2009 ''Bank of the Year''geen reacties, 922 keer bekeken

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……

15 Dec 2009 by Addou
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Morocco, Tourism new policygeen reacties, 1454 keer bekeken

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……

15 Dec 2009 by Addou
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EU supports Morocco with $100mgeen reacties, 4143 keer bekeken

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……

09 Dec 2009 by Addou
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Tunisia boosts exports to African countriesgeen reacties, 2449 keer bekeken

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……

09 Dec 2009 by Addou
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Egypt eyes solar power exportsgeen reacties, 1094 keer bekeken

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……

04 Dec 2009 by Addou
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Morocco, sign agreement in export promotiongeen reacties, 1039 keer bekeken

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&quot……

02 Dec 2009 by Addou
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Low cost airlines boost competition in Moroccogeen reacties, 4131 keer bekeken

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……

02 Dec 2009 by Addou
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Tunisia promotes use of ICT in public transportgeen reacties, 991 keer bekeken

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……

02 Dec 2009 by Addou
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African countries receive $1.1bngeen reacties, 1807 keer bekeken

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 ……

24 Nov 2009 by Addou
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USTDA to support Moroccan airline operationsgeen reacties, 1132 keer bekeken

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 ……

24 Nov 2009 by Addou
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Alstom Wins Casablanca Tram Contractgeen reacties, 1260 keer bekeken

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……

17 Nov 2009 by Addou
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EIB supports Moroccogeen reacties, 3499 keer bekeken

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……

17 Nov 2009 by Addou
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Egypt: Nile River to transport more cargogeen reacties, 5245 keer bekeken

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%……

10 Nov 2009 by Addou
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Morocco falls on EU for transport dealgeen reacties, 3891 keer bekeken

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……

10 Nov 2009 by Addou
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Algeria plans to ban old vehicles3 reacties, 6464 keer bekeken

This plan could well benefit the local car manufacturers in the country. However, the government has to also spare a thought for the lower income families who must rely on their old cars for work. Per……

04 Nov 2009 by Addou19 Dec by J3rrYcid