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    Egypt's forex reserves jump $1 bln: central bank

    CAIRO, May 08, 2013 (AFP) Egypt's foreign currency reserves rose by $1 billion to $14.42 billion in April, the Central Bank said on Wednesday, as Egypt struggles to pull itself out of economic crisis. Reserves had fallen to $13.42 at the end of March. The April jump includes a $2 billion loan from Libya, but reserves are still short of what...

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    Egyptian official says Qatar’s $3 billion loan not received

    April 28, 2013 Cash-strapped Egypt has not received the promised $3 billion loan from Qatar, Al-Ahram newspaper quoted Egypt’s Minister for Planning and International Cooperation, Ashraf Al-Arabi, as saying on Sunday. Negotiations are still underway on the interest rate of the $3 billion bonds Egypt intends to buy from Qatar, Arabi said, adding interest rates...

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    IMF, Egypt hope to reach loan agreement in 'weeks'

    WASHINGTON, April 22, 2013 (AFP) The International Monetary Fund and Egypt hope to conclude talks for a loan deal "in the coming weeks", they said in a joint statement Sunday. The statement came after IMF Managing Director Christine Lagarde met an Egyptian delegation in Washington this weekend that included Central Bank of Egypt Governor Hisham...

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    Qatar aid to Egypt no substitute for IMF plan: IMF

     WASHINGTON, April 19, 2013 (AFP) The International Monetary Fund said Friday that Qatar's $5 billion in support for Egypt was not a substitute for the stalled IMF loan to help the country undertake reforms. IMF Middle East regional director Masood Ahmed said the Fund was still in talks to provide a multibillion-dollar loan to Cairo...

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    Egypt relaxes foreign currency rules

    CAIRO, April 13, 2013 (Associated Press) Egypt, which is in need of foreign currency, is relaxing its rules on how much cash air travelers can bring into the nation. Egyptian airport officials say that beginning Saturday passengers will be allowed to declare more than $10,000 in foreign currency upon arrival, but still won’t be allowed...

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    Arab Banks not Affected by the Global Financial Crisis: official

    By Loubna Flah Morocco World News Casablanca, April 06, 2013 The Secretary General of the Union of Arab Banks (UAB), Mr. Wissam Foutouh, predicts a sizeable growth in Arab banks’ capital in 2013. He asserted that the net worth of Arab banks is expected to reach USD 3 trillion in 2013 compared to USD 2.6...

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  • 20

    Gold does brisk business in Syria war -- but at a risk

    ALEPPO, Syria, April 01, 2013 (AFP) Abu Salem used to sell lunchtime sandwiches to office workers in Syria's commercial capital. Since a rebel offensive turned Aleppo into a warzone last July, he has been buying up their heirlooms. In Syria's northern metropolis, as across the Middle East, those who can afford to have traditionally invested...

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  • 20

    Price of cooking gas soars in Egypt

    CAIRO, April 1, 2013 (AFP) Cash-strapped Egypt on Monday hiked the price of subsidised cooking gas by 60 percent, triggering market chaos, officials and media reported, ahead of a visit by the IMF for talks on a $4.8-billion loan. Ahram Online quoted an official from the domestic trade and supply ministry as saying the price of subsidised standard gas...

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    Egypt short of money to fuel power stations: ministry

    CAIRO, March 28, 2013 (AFP) Egypt is being plagued by repeated power cuts because it does not have money to buy enough fuel, the oil ministry said on Thursday. Rolling power cuts in the country of 83 million people are due to "the electricity sector's failure to secure needed funds for buying liquefied fuel for some power stations," the state's...

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    World Bank extends $70 mln loan to Jordan’s SMEs

    March 13, 2013 The World Bank will be extending a low interest and long-term loan of $70 million to Jordan in hopes of facilitating the financing of microprojects as well as small and medium enterprises (SMEs). The Minister of Planning and International Cooperation, Jafar Hassan, and the World Bank’s country director for Lebanon, Syria, Jordan,...

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  • 20

    Bayut now speaks Arabic

    Dubai, March 12, 2013 Bayut.com, a leading Dubai real estate portal, now speaks Arabic. With this Arabic version, Bayut.com has become more user friendly for all native Arabic speakers in the UAE, as well as the MENA region. Arabic is spoken by nearly 300 million people around the globe and along with that, it is...

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    Kerry urges 'compromise' in Egypt, pledges $250 mn in aid

    CAIRO, March 3, 2013 (AFP) US Secretary of State John Kerry told  Egyptian  President Mohamed Morsi on Sunday to work harder to bridge the  political divide in the country, as he pledged an initial $250 million in US  aid for Egypt. "It is clear that more hard work and compromise will be required to restore ...

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Editorial

Opinions

  • The Moroccan Gold Eldorado
    20

    The Moroccan Gold Eldorado, a Myth or a Reality?

    Rabat - Recently, a conspiracy theory video about a large gold discovery in Morocco is making rounds online. The video claims that a substantial gold reserve was discovered and is being extracted by a Canadian mining company called Maya Gold and Silver. We Moroccans are very proud human beings, we love our country and cherish...

  • Qatar's Emir Sheikh Tamim bin Hamad Al-Thani
    20

    Qatar: How the Tables Are Turning in The Gulf

    Rabat - Amidst harsh sanctions and a long list of demands from its neighbors, Qatar’s ability to thrive under pressure may prove to be problematic for Saudi Arabia. As Saudi Arabia and its coalition attempt to wait out Qatar, the recent spat in the Gulf continues to become more and more global, and severely against...

  • FILE - In this Jan. 20, 2015 file photo, a plume of steam billows from the coal-fired Merrimack Station in Bow, N.H. If the nation doesn’t do more, the U.S. probably won’t quite meet the dramatic heat-trapping gas reduction goal it promised in last year’s Paris agreement to battle climate change, according to a new study. (AP Photo/Jim Cole, File)
    20

    Climate Change : If You Can’t Measure It, You Can’t Fix It

    Chefchaouen - Climate change is happening at home and around the world. Chefchaouen is doing its part by embracing clean energy climate solutions and engaging its citizens in climate action. When it comes to fighting climate change, cities and local leaders are best positioned to lead that charge. Local leaders from coastal to landlocked communities are...

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    India Orders Internal Probe into Mistaken Use of Morocco-Spain Border Picture

    Hyderabad - The Indian Ministry of Interior on Wednesday ordered an internal investigation to find out how a picture of Morocco-Spain border was used in its annual report to show floodlights along the India-Pakistan border. What is most embarrassing is that the annual report of previous years was tabled during the Budget Session of Indian...

  • Amid Growing Tension, Thousands of Moroccans Stage Pro-Rif March in Rabat
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    Neglect in Harsh Soil: The Deep Roots of the Rif Crisis

    Rabat - The ongoing protests in northern Morocco started almost eight months ago, but they have their origin in nearly a century of violent repression by the state. The Rif has, in spite of itself, got involved into a peaceful revolt since the death of the fishmonger Mohcine Fikri at the end of October 2016, a...

  • Tamim Bin Hamad al Thani emir of Qatar
    20

    The Qatar Crisis: What Does It Mean?

    Rabat - The recent diplomatic fallout between Qatar and the rest of the Middle East could have serious economic and geopolitical consequences across the globe. Earlier this week, Qatar’s diplomatic crisis took an extreme turn as several Arab states severed diplomatic ties with the Gulf nation.  The original list of countries in the coalition against...

  • Moroccans spend Laylat al-Qadr, the 26th day of Ramadan, at the Hassan II mosque in Casablanca.
    20

    Ramadan: Not just Abstinence from Daily Intakes 

    By Abdellatif Oudra Rabat - The observance of Ramadan, one of the five pillars of Islam, compels Muslims to fast from sunrise to sunset. But it is not just about abstaining from food or drink.  Ramadan, the ninth month of the Islamic calendar, is observed in commemoration of the revelation of Qur’an to the prophet Mohammad,...

  • Morocco Threatens to Terminate Agriculture Agreement with Europe
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    Morocco and the EU: Managing the Future

    Rabat - Morocco enjoys proximity to Europe and is at an advantage of being favoured by the European Union as a close partner on political, economic, and cultural levels. Historical archives and political legacies tie Morocco directly with at least three influential European countries: France, Spain, and England. Demography, kinship, and immigration compel other EU...

  • The Educational and Cultural Implications of the Arab Spring
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    The Educational and Cultural Implications of the Arab 'Spring'

    Rabat - In the last ten years or so, the Arab world has seen unprecedented collapses in the realms of politics and economy, among others. World NGOs regularly release area-specific rankings, in which Arab nations commonly rank at the bottom of lists in education, human rights, and income for instance while they top those of...

  • Thousands Hold Peaceful Demonstration in Memory of Mouhcine Fikri
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    Al Hoceima and the Pedagogical Exercise

    Ottawa - What makes a democracy different from non-democracy? This is the classical and historical question asked by philosophers over the centuries and deeply questioned in the discipline of political science. Democracy cannot prevent inequality as the case in the United States where inequality is the highest globally. Democracy cannot stop corruption like in Brazil...