Category: North Africa

The estimated funds allocated to the construction and development of roads throughout the territory have reached in the last three development plans about 35 billion dinars, Equipment, Housing and Spatial Planning Minister Mohamed Salah Arfawi. The latter pointed out in this regard, that the cost of the road network is estimated at 4.5 billion dinars…

The World Bank launched on Monday a project worth 200 million U.S. dollars to improve the investment capacity of Morocco’s largest city of Casablanca. The launching ceremony of the program, known as “Casablanca Municipal Support Program,” was chaired by Marie Francoise Marie-Nelly, World Bank’s country director for the Maghreb and Malta, Middle East and North…

The startup bill will allow young entrepreneurs to open foreign currency bank accounts in order to facilitate equipment acquisition, creation of subsidiaries abroad and access to foreign markets as well as avoid administrative procedures, Minister of Communication Technologies and Digital Economy Anouar Maarouf said on Monday. Speaking at a study day on the startups promotion…

Export revenues of organic dates for this season increased by 35.52%, compared with the previous season. This increase also comes from a 21.01% increase in the quantities exported, according to data from the Ministry of Agriculture, Water Resources and Fisheries. The quantities of organic dates exported, since the beginning of the season (October 10, 2017)…

Secretary of State for Foreign Trade, Rkia Derham, said, Monday in Rabat, that customs duties imposed on certain textile/clothing products from Turkey constitute a preventive, preferential and temporary measure taken because of the increase in imports of these products. In her response to a question on the “protection of domestic industry” presented by the socialist…

President Abdel Fattah El Sisi arrived on Monday 15/1/2018 in Sadat City, Menoufiya Governorate, to open via video conference a number of development projects in north Egypt and the Nile Delta. Greeting him upon arrival were Acting Prime Minister and Housing Minister Mostafa Madbouli, Minister of Defense and Military Production and Commander-in-Chief of the Egyptian…

Egypt’s foreign exchange reserves are expected to jump in the next financial year 2018-2019, as it is expected to rise to a new record at $39.8 billion, according to EFG-Hermes. The figure came in a report filed by the Egypt-based bank on its economic expectations for the country in 2018. A copy of the report…