Category: North Africa
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Algeria: Energy – Over USD14 Billion in FDI Over 2010-2015
Foreign direct investment (FDI) in Algeria’s energy sector has reached USD14.01 billion between 2010 and 2015, that is, an annual average of USD2.3 billion, the ministry of Energy has said. In 2015, the FDI in energy sector stood at USD2.3 billion, up 45% compared with 2014, the ministry underlined in the latest issue of Algerie…
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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: North Sinai Governor, Investment Minister to Follow Up Investment Projects
North Sinai Governor Abdel Fattah Harhour has met Investment Minister Dalia Khorshid for talks on promoting the establishment of investment projects in the industrial zones of the governorate. Commander of the Military Zone in Eastern the Canal District General Osama Askar, Head of the National Agency for Development of Sinai General Shawqi Radwan and South…
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Egypt’s Trade Deficit Narrows Due to Fall in Imports’ Prices – Official Agency
Egypt’s trade deficit by 44.4 per cent narrowed in March compared to the same month last year amid a fall in imports’ prices, an official statistics agency said on Tuesday. The Central Agency for Public Mobilization and Statistics (CAPMAS) said in a statement that a 27.2 per cent fall in imports pushed down the deficit…
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Morocco, China Firm to Build Industrial Park With U.S.$ 10 Billion Investment
Morocco and Chinese group HAITE will set up an industrial and residential park in the northern city of Tangiers with 10 billion U.S. Dollar-worth investment, local media reported Monday. According to Moroccan news site Medias24.com, Moroccan officials and Chinese delegation discussed over the weekend in Morocco means to implement this large-scale park which will host…
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Egypt Discuss Boosting Cooperation With Afreximbank
International Cooperation Minister Sahar Nasr received on Thursday 9/6/2016 President of the African Export-Import Bank (Afreximbank) Okey Oramah where they discussed boosting cooperation ties between Egypt and the Afreximbank as well as supporting regional integrity among the countries of the African continent. During the meeting, Nasr welcomed Oramah, noting that the meeting comes after the…
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Egypt Foils Illegal Migration Attempts Off Its Coasts
Egyptian border guard forces have thwarted illegal migration attempts by 445 persons before they could set sail from the country’s coasts, Egyptian Military Spokesman Mohamed Samir said on Friday. They included 112 Egyptians, as well as Comoran, Ethiopian, Eritrean, Gambian, Liberian, Somali, Sudanese and Yemeni nationals, Samir added in a statement. Egyptian forces stopped 267…
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Egypt: Mahlab, Awqaf Minister Discuss Best Ways to Invest Awqaf Funds
Presidential Assistant for National and Strategic Projects Ibrahim Mahlab met Awqaf Minister Mohamed Mokhtar Gomaa to discuss the best ways to invest the endowment Funds, the Awqaf Ministry said in a statement on Tuesday 7/6/2016. During the meeting, they agreed to draw up a plan to remove encroachments on the Awqaf lands. – Source: All…
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Egypt: International Cooperation Minister Discusses Slum Development With AfDB
Minister of International Cooperation Sahr Nasr held a meeting on Tuesday 7/6/2016 with a group of officials from the African Development Bank Group (AfDB) to discuss slum development projects in Egypt in cooperation with Housing Ministry. During the meeting, Nasr stressed that Cairo is keen on speeding up the development of slums and improvement of…
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Egypt: Sisi Urges More Efforts to Meet Citizens’ Foreign Currency Needs
President Abdel Fattah El Sisi called on Tuesday 7/6/2016 for continuing efforts to provide foreign currency to meet the needs of citizens in the Egyptian markets. Sisi made his call during his meeting with Governor of the Central Bank of Egypt (CBE) Tarek Amer. At the meeting, Amer reviewed the CBE’s efforts that led to…