business

Dushanbe 25/2 (35.71) The social networking activity of “influencer” Ismoil Mahmadzoir is causing a stir within the country’s political and security corridors. His grandfather President Emomali Rahmon is planning his…

The Minister of Oil and Gas, Mohammed Oun, said that Libya recovered about $2.4 billion from state dues in the oil sector and royalties from foreign companies seized by the…

Paris (15/11 – 75) Sri Lanka has reached an agreement with the China Exim bank on the principles and terms of a $4.2 billion debt settlement, the country’s finance ministry…

Toronto, Atlanta (28/11 – 20) A wise old expression intones “Behind every bad borrower is a bad lender”. Like many such cute, amusing aphorisms, it is accurate as far as…

Rabat – A private equity firm, Mediterrania Capital Partners, has announced investing €57 million ($60 million) investment in Cash Plus, a Moroccan financial services provider. The investment was made in…

Toronto, Frankfurt (2/11 – 42) World media are jumping all over the conflagration in Gaza following the 7 October attack, killing 1400 Israelis and kidnapping several hundred others – followed…

A new partnership between the General Confederation of Moroccan Enterprises (CGEM), the Moroccan Agency for the Development of Investment and Exports (AMDIE) and the Mohamed VI Polytechnic University (UPM6) was…

Rabat – Chinese cobalt supplier Huayou unveiled plans to invest MAD 200 billion ($20 billion) in a factory dedicated to manufacturing batteries for electric vehicles in Morocco’s Laayoune Sakya Al…

Egypt’s central bank has raised rates of return on the local currency by 1,100 points from March 2022, in a move initially intended to curb inflation and support the Egyptian pound.…

The Egyptian Ministry of Finance issued an urgent statement on Friday commenting on Moody’s, the global credit rating agency’s decision to place Egypt under negative review for three months. Placing the status…