Author: Zeinab Filali

Located on the westernmost tip of the African continent, Morocco and Senegal will begin the fast tomorrow, 24 hours after Saudi Arabia. During this period, Muslims refrain from eating and drinking from sunrise to sunset. Depending on the latitudes, this period can go from 18 hours of fasting in Oslo (Norway) to 15 hours 40 minutes in Paris, just over 14 hours in Mecca and around 12 hours in Melbourne, in the southern hemisphere, reports Statista. , citing the Islamic Finder website. In the Islamic calendar, Ramadan is the ninth month of the year. It begins the day after the…

Previously scheduled in 2020, GTA’s subsea engineering works entrusted to McDermott has suffered a significant delay due to the effects of the covid-19 pandemic but will finally start in December 2021 for a 12 months – 17 months period. This schedule remains in line with the postponement announced by BP which places “First Gas” in 2023. McDermott – along with BHGE – is in fact responsible for the most sensitive part of the GTA project which consists in laying more than 120 km of offshore pipes of various calibers (SURF) which will link amongst others to the FPSO, as well…

(1 Sudanese pound = 1.45 CFA Franc). Faced with record inflation of 300%, Sudan chose the horse remedy, devaluing its currency, the Sudanese pound (Symbol: SDG, £ SD or ج.س), by 85%, at the end of February, in the hope of manage to bridge the abysmal difference between the official price and that of the black market. The country is virtually bankrupt with a debt of $ 60 billion equivalent to two and a half years of GDP. The government of Prime Minister Abdallah Hamdok, former senior executive of the African Economic Commission (ECA), and Gibril Ibrahim, former rebel leader,…

“We expect the asset quality of North African and Jordanian banks to deteriorate in 2021 once the regulatory suspension measures are lifted,” said Standard and Poor’s agency in a note published Tuesday, February 2, on the evolution of banks in Morocco, Tunisia, Egypt and Jordan. In the opinion of the agency, the current crisis continues to be profitable for the banks of these countries, except in Tunisia, where the banks present a more fragile profile because of the poor quality of assets and the high rate of debts in suffering (NPL). Tunisian banks, which are lagging behind in terms of…

He had to convince himself that he was better off with a suspicious public opinion. But, two weeks after his return to Algeria where he promulgated the new constitution resulting from the referendum of November 1, 2020, ratified the 2021 finance law and, among other urgent matters, launched an investigation into the wheat sector and sacked the minister. of Transport, President Abdelmadjid Tebboune, 75, returned to Germany on Sunday January 10, 2021 for health care, paving the way for new speculation. According to the presidency, it is a “foot problem” and not complications directly linked to Covid-19, which he contracted…

September 15, 2019, almost a century ago. The Tunisian presidential candidate, the rigorous Kaïs Saïed kisses the Tunisian flag in Tunis. A symbolic gesture that galvanized conservative circles who saw in this champion of the classic maple tree a new Raïs of modern times. After having spent several weeks in the “zero cases” box, the most northerly of African countries was overtaken by the second wave. Tunisia has decreed a curfew in mid-October, now extended until March 31, the health ministry announced on Sunday (December 6th). However, there will be no return to containment, ruled out because of the economic…

The Moroccan Royal Armed Forces (FAR) put an end to the blockade of the road connecting Morocco to Mauritania overnight from Thursday to Friday. Cut off at the level of the no mand land separating the two countries for a few kilometers by around 60 elements claiming to be from the Polisaro Front, the trans-Saharan route had been impassable for weeks, exposing hundreds of trucks carrying fruits and vegetables and other perishable goods from Morocco and of Spain, to rot. The crisis had been going on since October 2020 and has tended to be recurrent in recent years as the…

Speaking on October 23 at a conference on the theme “Tunisia at the bottom of the wave… the overhaul of financial policy for an inclusive recovery”, organized on the occasion of a Financial Economy Forum, by the The Institut des Hautes Etudes (IHET) and the “Daily Trading Forum” group, the general manager of the Tunis Stock Exchange (BVT) pleaded for the introduction of public enterprises. “I think that the idea of ​​listing public companies operating in competitive sectors on the stock exchange, and proposed to the social partners, including the UGTT (Union), has not met with refusal on their part,…

Moroccan trader and world champion Mostafa Belkhayate is launching a trading seminar in Marrakech on October 1, 2 and 3, 2019. These paid training sessions are open to professionals wishing to acquire additional knowledge and to students. Young people benefit from a discount of 33%. This seminar will focus on the contribution of artificial intelligence in the trading business. In addition, many of you have noticed in recent months difficulties in downloading the Belkhayate indicator. The anomaly has been rectified and you can download now and exclusively the latest version of Belkhayate Gravity, a graphical tool that helps identify levels…

Like Dominique Strauss Khan who advises the Congo, former British Prime Minister Tony Blair has been actively involved in drafting Togo’s National Development Plan (NDP). A discreet adviser to President Faure for two years, Tony Blair spoke on priority investment issues and gave his opinion on ways to improve the business climate. The presidential cell of execution and follow-up of the projects would have been repeated several times under the advised advice of Mr Blair who stayed in Lomé in November 2018 and, recently, on April 2, 2019. Very active in Africa, Tony Blair also advises President Alassane Ouattara of…

Wasted for a long time, the Casablanca Stock Exchange will return to the introductions. Immorente Invest, a real estate company managed by Soumaya Tazi, has obtained its visa from the Moroccan Capital Market Authority (AMMC). Unprecedented, the introduction will cover 60.9% of capital in a Moroccan stock market universe where floaters seldom exceed the 30% threshold. The other novel is about the very timing of the introduction. In general, IPOs are involved in a phase of euphoria and high growth that pushes the company to want to invest to buy new machines and increase its production lines. Quite the opposite…

The Annual General Meetings of the Islamic Development Bank (IDB) are held in Tunis from 1 to 5 April 2018. One thousand participants take part in the work, including 57 Ministers of Economy and Finance of the member countries. In his opening remarks, IDB President Bandar Hajjar recalled the funding needs of member countries. It takes $ 120 billion for the energy sector. The bank can only satisfy 8% of this amount. In all, Islamic countries need $ 3 trillion to bridge the infrastructure gap. Hence the call of the President of the IDB for the involvement of the private…

The management company of the Casablanca Stock Exchange will be transformed into a holding company to set up an integrated infrastructure of the entire value chain, from trade to post-trade. The objective is to allow the Moroccan Stock Exchange to have a Central Clearing House (CCP) to ensure a counterpart to operators in the context of the introduction of a futures market with derivatives and ETFs. Explaining these changes to the press during the presentation of the 2021 strategic plan, Karim Hajji, managing director of the Casablanca Stock Exchange, estimated that the current capital of the managing company is sufficient.…

Current Chairman of the Management Board, Khalid Chami joins the Supervisory Board of Société Générale Maroc and becomes Chairman according to the letter “Infomediaire”. Khalid Chami will succeed Jean-Luc Parer, who remains a director of the bank. In this respect, Chami, in consultation with the Management Board, will draw up the bank’s main orientations, coordinate the activities of the bank with its subsidiaries, where it will be asked to act as a director, and represent the bank to the bank. administrations, supervisory authorities and professional organizations. He will also play a role in supporting the bank with its major clients…

The OCP Group (formerly the Sherifian Office of Phosphates) will launch an industrial zone of 16 hectares in Bir Mezoui. Amount of initial investment: 40 million dirhams (about 4 million dollars). The world’s leading exporter of phosphates and derivatives plans to generate 1050 direct jobs around this project and more indirect 3000. The area in question is part of a larger project on an area of ​​2 000 hectares of nature to develop and diversify the supply of industrial land and attract projects of high technological value. About The OCP Group (formerly Office Cherifien des Phosphates), founded 7 August 1920…

The Algerian president, Abdelaziz Bouteflika, has decided by instruction to submit any project of opening of capital or transfer of public assets to its agreement. A round of screws that report TSA sites and Desk, comes the day after the meeting of the Council of State Participation (CPE), last weekend, on privatization. In response, the ruling FLN, expressed this Monday”His satisfaction” “After the instruction of the President of the Republic on privatization”,says a statement from the party released.”The FLN notes with relief, pride and pride the decision of the President and welcomes a sovereign and firm decision that proves once again…

It’s not the revolution. The Moroccan currency, the dirham, will evolve from Monday 15 January on a range of fluctuation of ± 2,5% against ± 0,3%, said the spokesman of the government Mustapha El Khalfi at the end of the meeting of the Council of the government. The decision initially planned in July 2017 then postponed against a backdrop of polemics was taken by Mohamed Boussaid, Minister of Economy and Finance, in consultation with Bank Al Maghrib (Central Bank). “The reform of the exchange rate regime aims to strengthen the resilience of the national economy to exogenous shocks, to support…