The chief executive officer of Russian Technologies (Rostech), Sergei Chemezov, has revealed that the Libyan government wants Russia to lift its ban on arms contracts in what seems to be its growing interest in Russian technology. The CEO claimed that it was one of the several Libyan requests aimed at persuading Kremlin to review its [...]
The International Monetary Fund has voiced out its observations about Egypt, citing that inflation will rise to 10,9% this year; thereby surpassing the previous estimation of 8,2% published last month in its half-yearly analysis of the world economy. These observations which were published as part of IMF’s regional outlook also stated that Morocco, Tunisia and [...]
Positive developments are coming from the king’s visit to the Gulf countries halfway through his tour. King Mohammed has already visited Saudi Arabia and Jordan and will be travelling to Qatar. He will visit the UAE on Tuesday and Kuwait on Wednesday. Yassir Zenagui who is part of the delegation said that “the aim of [...]
The law that will make the issuing of sovereign sukuk possible in Jordan has been approved by the upper house and it’s now awaiting promulgation. The law has been undergoing the legislative process since 2010. The country is facing public finance crisis and Islamic bonds, which has become very popular, can help the government ease [...]
Morocco has received a loan from the African Development Bank to be invested in its renewable energy programs. The 800 million dollar loan will allow the country to develop a Concentrated Solar Power (CSP) plant located in the southern town of Ouarzazate and its Integrated Wind/Hydro and Rural Electrification Program according to a statement released [...]
U.S. Secretary of Defense Leon E. Panetta has called on Maghreb countries to work together in the fight against the terror group, Al-Qaeda in the Islamic Maghreb (AQIM) which is expanding its terror, human, arms & drug trafficking activities in the Sahel, threatening regional stability. In his remarks made during his trip to Tunisia part [...]
The Jordanian government will receive a $ 2 billion financial assistance from the International Monetary Fund (IMF) to enable the Hashemite Kingdom carry out its ambitious political & socioeconomique reform program in a tumultuous middle east. This lifeline loan, which has been approved in principle by the IMF staff, still needs the endorsement of the [...]
Algeria will be producing armored vehicles in Khenchela, northeast of the country, after an agreement with the United Arab Emirates. The deal was signed by the Defense Ministry’s Mechanical Industry Promotion Group and the Tawazun Holdings of Algeria and UAE respectively. Although the deal was signed on the 19th of July, reports started emerging yesterday [...]
Jordanian authorities have granted asylum to the Syrian pilot who defected Thursday from the Syrian air force of Bachar Al Assad and landed his MiG-21 warplane at King Hussein military airbase in Mafraq, close to the Syrian border. The fugitive pilot was given asylum on “humanitarian grounds” because “if he returned home, his safety will [...]
Jordan has called on Libya to pay up its hospitals bills after it has treated wounded citizens of the revolution. Fawzi Hammuri, head of Jordan’s Private Hospitals Association, claims that Libya owes Jordan more than $105 million after “around 40 out of Jordan’s 60 private hospitals treated more than 55 000 Libyans in the past [...]
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