Category: North Africa
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Algeria’s Trade Deficit Hits U.S.$9.8 Billion in First Five Months
Algeria’s trade balance has recorded a deficit of US$9.8 billion in the first five months of 2016, against US$7.23 billion during the same period in 2015, up by 35.5%, said the Algerian Customs’ National Centre of Data Processing and Statistics (CNIS). Exports have sharply dropped to US$9.82 billion between January and May 2016, against US$15.39…
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Morocco: Cameroon-Morocco – Ever-Growing Bilateral Relations
Major highlights are in education, training, trade and the effective contribution of Moroccan private enterprises in boosting Cameroon’s socio-economic sector. For over 50 years now, relations and cooperation ties between Cameroon and the Kingdom of Morocco have been growing from strength to strength with the Moroccan government offering training scholarships to Cameroonian students. Ambassador Lahcen…
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Egypt: Govt Agrees to 7 Percent Increase in Pay Raise – Minister
The Egyptian government is keen on increasing the annual pay raise from 5 to 7 percent, said Planning Minister Ashraf el Araby. The government respects a decision by the manpower committee of parliament to increase the annual increment, Araby said, agreeing to the fact that wages are low in Egypt. But the financial and economic…
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Egypt: U.S Investments in Egypt Fell By 85.9 Pct. in 2015 – Capmas
U.S. investments in Egypt have retreated during the past year by 85.9 per cent compared to investments made in 2014, the state’s official statistics agency said on Wednesday. The Central Agency for Public Mobilisation and Statistics (CAPMAS) said in a statement that Egypt’s imports from the U.S. fell by 11.3 per cent in 2015, to…
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Algeria:State Taken Measures to Meet Country’s Wheat Production Needs
“The State has taken all the necessary measures to meet the needs of the country in terms of wheat in case of decline in the national production, said Saturday Minister of Agriculture, Rural Development and Fishing Abdeslam Chelghoum during his working visit to the province of Bouira (122 km east of Algiers). “In case of…
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Egypt: U.S.$25,000 to Be Handed to Families of Egyptair Plane Victims
The chairman of EgyptAir, Safwat Muslim, said on Monday that the company has agreed to allocate a compensation of $25,000 to the families of the victims of the plane that fell into the Mediterranean last May. Muslim said in a press statement that the Council of Ministers will be issuing death certificates for the victims…
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Egypt: Russian Delegation to Inspect Egyptian Airport Security Expected to Arrive – Official
Egypt’s aviation ministry is expecting the arrival of a Russian delegation to inspect security measures in Egypt airports, said the chairman of the Egyptian Holding Company for Airports and Air Navigation (EHCAAN). The delegation’s inspections must be made before the resumption of direct Russian flights to Egypt. Moscow has suspended flights to Egypt after the…
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Tunisia to Host World Telecommunication Standardization Assembly
ITU and the government of Tunisia have signed the Host Country Agreement formalizing arrangements for the 2016 World Telecommunication Standardization Assembly (WTSA-16), an ITU governing conference held every four years to define the strategic direction and structure of the ITU Telecommunication Standardization Sector (ITU-T). The agreement was signed by ITU Secretary-General Houlin Zhao and Tunisia’s…
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Algeria: Benefits Planned By Investment Bill Will Not Affect Public Treasury, Assures Bouchouareb
The incentives and tax exemptions granted to investors in the bill on investment promotion, debated in the Lower House, seek wealth generation and job creation, Minister of Industry and Mines Abdessalam Bouchouareb said Tuesday. The minister was answering MPs questions, following the discussions of the investment bill, in a Lower House session chaired by Speaker…
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Egypt: Location of Doomed Egyptair Flight’s Black Box Detected – Sources
A naval vessel has detected the location of one of the two recorders of the doomed EgyptAir flight that plunged into the Mediterranean in May, sources from the Egypt-led investigative committee said Thursday. The French vessel John Lethbridge “has detected the location of one of the plane’s black boxes,” the sources said. The committee had…