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Lusa - Business News - World Tourism Forum in Angola
Angola's President Joao Lourenco speaks during the World Tourism Forum which brings together leaders of the tourism industry worldwide at...
Lusa - Business News - World Tourism Forum in Angola
Angola's President Joao Lourenco speaks during the World Tourism Forum which brings together leaders of the tourism industry worldwide at...
MAP - Ramadan et communautés au Qatar, entre piété, soirées ramadanesques et nostalgie du pays
Par: Zhor Saih
Doha -23 mai 2019-(MAP)-Le mois béni de ramadan est célébré au Qatar dans un climat de piété et...
MAP - Présentation à Casablanca de l'ouvrage 'Génération africaine: La force du design' de Hicham Lahlou et Mugendi K. M’Ritha
Casablanca - 23 mai 2019 - (MAP) - L’ouvrage 'Génération africaine : la force du design', co-réalisé par...
NNA - معرض للسلاحف في مركز المحمية في صور في يومهم العالمي
وطنية - نظمت محمية شاطئ صور الطبيعية وإتحاد بلديات قضاء صور معرضا للسلاحف في مركز المحمية في صور بالقرب من إستراحة صور السياحية، في حضور رئيس الإتحاد المهندس حسن دبوق...
MAP - Morocco Kick-starts 'Child to Child' Operation to Counter Non-schooling, School Dropout
Assilah - May 23, 2019 - (MAP) -Minister of National Education Saïd Amzazi and UNICEF representative in Morocco Giovanna Barberis...
Lusa - Business News - World Tourism Forum in Angola
Angola's President Joao Lourenco (C), former French President François Hollande (3-R), Angolan Tourism Minister Angela Braganca (3-L) and president of...
MAP - Le Palais El Badii à Marrakech, un joyau architectural chargé d’histoire témoignant de la richesse du patrimoine séculaire du Maroc
Par : Abdenbi Essibi
Marrakech - 23 mai 2019 - (MAP) -Figurant parmi les monuments et sites historiques les plus majestueux...
Lusa - Business News - World Tourism Forum in Angola
Former French President François Hollande(2-R), Angolan Tourism Minister Angela Braganca(R) and president of the World Tourism Forum, Bulut Bagci (3-R),...
NNA - Lebanese Ukrainian Friendship Committee meets visiting Ukrainian parliamentary delegation
NNA - The Lebanese-Ukrainian Friendship Committee held a meeting on Thursday at the Parliament with a visiting Ukrainian parliamentary delegation,...
MAP - Le Mondial-2022 au Qatar se jouera à 32 équipes (FIFA)
Lausanne-23 mai 2019-(MAP)-La Coupe du monde 2022 au Qatar se jouera à 32 équipes au lieu de 48, a annoncé...
NNA - الجامعة اللبنانية الاميركية (LAU) تمنح الدكتوراه الفخرية 2019 لريا الحسن ومحمد أحمر وستولتزفوس
وطنية - قررت الجامعة اللبنانية الاميركية (LAU) منح شهادة الدكتوراه الفخرية في حفل التخرج السنوي 2019، لوزيرة الداخلية في الحكومة اللبنانية ريا حفار الحسن، تقديرا من الجامعة للموقع المتقدم الذي...
MAP - La cuisine marocaine en vedette au concours de cuisine d’auteur à Séville
Séville -23 mai 2019-(MAP)-Cinq chefs marocains ont pris part à la 4ème édition du concours de cuisine d’auteur, organisé mardi,...
NNA - جمعية بيروت ماراتون أطلقت برنامج "حقي أركض" لعام 2019 ودير الأحمر إستضافت السباق الأول بمشاركة 240 شابا وشابة
وطنية - أطلقت جمعية "بيروت ماراتون" برنامج "حقي أركض" للعام 2019. والبرنامج يهدف لتعزيز رياضة الركض في كل المناطق اللبنانية وإتاحة الفرصة أمام كل فئات المجتمع لمزاولة النشاط البدني واكتشاف...
MAP - La communauté marocaine de Montréal se réunit autour d'un Iftar 'de bon voisinage'
Montréal -23 mai 2019- (MAP) -Des acteurs associatifs, des membres de la communauté marocaine et des représentants des autorités de...
NNA - جمعية المعلوماتية كرمت خبراء طوروا القطاع وكلمات ركزت على اهمية إدخال مفهوم الصناعة الرقمية في المجالات كافة
وطنية - أقامت "جمعية المعلوماتية المهنية" في لبنان برئاسة كميل مكرزل حفل إفطار تكريمي في الحازمية، برعاية رئيس مجلس إدارة شركة Tecomsa محمد دياب، شارك فيه، رئيس لجنة المعلوماتية النيابية...
MAP - Installation du nouveau directeur de l'ISIC
Rabat-23 mai 2019-(MAP)-Le ministre de la Culture et de la communication, Mohamed Laaraj, a présidé, mercredi à Rabat, la cérémonie...
Lusa - Business News - Portugal: Government to present national stategy for 5G network in September
Castelo Branco, Portugal, May 23, 2019 (Lusa) - Portugal's government will present a national strategy for 5G fifth-generation mobile network...
EFE - SPAIN INDIA ART - Indian artist Nalini Malani wins Joan Miró prize
Barcelona, May 23 (EFE).- Indian artist Nalini Malani has won the seventh edition of the Joan Miró Prize, an international...
Lusa - Business News - Portugal: PSI20 closes down 0.98% at 5,057.92 points
Lisbon, May 23, 2019 (Lusa) – The Lisbon stock exchanged closed in negative territory on Thursday, with the benchmark index...
Lusa - Business News - Mozambique: Public debt 'is evolving into higher-risk scenario' - government
Maputo, May 23, 2019 (Lusa) – Mozambique’s public debt portfolio is evolving into a higher-risk scenario, with faster payments and...
Lusa - Business News - Mozambique: President asks for help to rebuild cyclone-ravaged country
Maputo, May 23, 2019 (Lusa) - Mozambique's president Filipe Nyusi on Thursday called for efforts from the country and international...
CNA - الرئيس أناستاسياديس يهنئ رئيس وزراء الهند على إعادة انتخابه
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
هنأ رئيس الجمهورية نيكوس أناستاسيادس رئيس وزراء الهند ناريندرا مودي على إعادة انتخابه، معرباً عن التزامه بمواصلة العمل معه بهدف تعزيز...
Lusa - Business News - Angola: President invites tourist operators to invest, promises support
Luanda, May 23, 2019 (Lusa) - Angola's president João Lourenço on Thursday invited world tourist operators to visit and invest...
CNA - الرئيس يستقبل ممثل الأمين العام للأمم المتحدة في قبرص يوم غد
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
يستقبل رئيس الجمهورية نيكوس أناستاسياديس صباح غد الجمعة الممثل الخاص للأمين العام للأمم المتحدة في قبرص إليزابيث سبيهار. ...
Lusa - Business News - Macau: Territory 'should invest in tourism to diversify economy' - Fitch
Hong Kong, May 23, 2019 (Lusa) – Fitch’s analyst responsible for monitoring Macau on Thursday said that the diversification of...
CNA - التوقيع على اتفاقية للربط الكهربائي بين مصر وأوروبا عبر قبرص
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
تم يوم أمس الأربعاء توقيع اتفاقية إطارية تاريخية في القاهرة بين الشركة المصرية لنقل الكهرباء وشركة يورو افريكا انتركونكتر بشأن...
Lusa - Business News - Macau: Territory welcomes over 3 million visitors in April
Macau, China, May 23,2019(Lusa)–Macau welcomed more than 3 million visitors in April, an increase of 15.9% compared to 2018, according...
Lusa - Business News - Macau: VIP gambling specialist Suncity 'favourite to win future casino licence'
Macau, China, 23 May, 2019 (Lusa) – The Suncity group, the world's leading VIP gambling specialist, is the favourite to...
Lusa - Business News - Portugal: Lisbon Book Fair to host record 328 pavillions, boost sustainability
Lisbon, May 23,2019 (Lusa)-The 89th Lisbon Book Fair(FLL), which is to run from 29 May to 16 June in Parque...
CNA - ايل يفوز بكأس قبرص لكرة القدم بعد مرور ثلاثين عاماً
وكالة الأنباء القبرصية-قبرص/ نيقوسيا-مهى ميخائيل
فاز فريق ايل من ليماسول يوم أمس على أبويل بكأس قبرص لكرة القدم للمرة السابعة بنتيجة 2-0، ويعتبر هذا الفوز هو الأول له بهذا اللقب منذ...
CNA - ارتفاع عدد القبارصة الراغبين في تسجيل أسمائهم إلى المريخ
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
سجل حوالي 600 شخص من قبرص أسماءهم للذهاب إلى المريخ على متن مركبة وكالة الفضاء الأمريكية ناسا مارس 2020. ...
Lusa - Business News - Mozambique: Minister hails Chang's extradition, says justice best served at home
Maputo, 23 May 2019 (Lusa) – Mozambique’s minister of justice, Joaquim Veríssimo, has said that the public has every interest...
Lusa - Business News - Macau: Law firm ready to help Brazil shape, implement rules for legal gambling
Macau,China, May 23, 2019(Lusa)- A senior partner in a Macau law firm specialised in the gambling sector on Thursday told...
CNA - Agreement signed for Egypt-Europe electricity interconnector via Cyprus
CNA - CYPRUS/Nicosia - An historic framework agreement was signed in Cairo on Wednesday for the construction and commissioning of...
Lusa - Business News - Mozambique: Country debates sustainable ocean exploration with specialists
Maputo, May 23, 2019 (Lusa) – The government of Mozambique on Thursday and Friday holds the first International Conference “Growing...
CNA - أهمية استراتيجية لمنطقة نيقوسيا لمعلومات الطيران بحسب تصريح الرئيس اناستاسياديس
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
صرح رئيس جمهورية قبرص نيكوس أناستاسيادس بأن منطقة نيقوسيا لمعلومات الطيران هي أقصى شرق أوروبا ومعترف بها على أنها ذات أهمية...
Lusa - Business News - Portugal: PSI20 opens 0.60% down at 5,077.54 points
Lisbon, May 23, 2019 (Lusa) – The Lisbon stock exchange opened in negative territory on Thursday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon, May 23, 2019 (Lusa) – Child protection in on the front pages of the Portuguese papers this Thursday.
...
Lusa - Business News - Mozambique: Privinvest suit 'likely bid to press authorities to drop case' - EIU




London, 15 May 2019 (Lusa) - The announcement that Privinvest, one of several companies involved in Mozambique’s ‘hidden debts’ scandal, is suing that country’s authorities is probably an attempt to pressure them to give up their case against it, according to analysts at the Economist Intelligence Unit.
Commenting on the announcement by Privinvest, experts from the EIU’s analysis unit write that they believe the aim of the move is to prompt the abandonment of the case against the Lebanese shipbuilding company "and prevent the disclosure of data that is negative" for both parties.
International litigation in this case would also be negative for Mozambique, the EIU note to customers argues, as it would bring into the public domain more information on opaque business practices in which rulers and leaders of the governing party, Frelimo, are deeply involved. There are also, it adds, "risks for Privinvest and its directors".
The Privinvest announcement, made in mid-April, represents “an escalation” in the dispute between the two sides, with major trade, economic and political dimensions.
In March, Privinvest moved to take legal action against the Mozambican state and three state-owned companies involved in the hidden-debt case, claiming that they had defaulted on at least $200 million (€176.9 million) relating to one of the contracts.
The suit against the state, lodged at an arbitral tribunal of Switzerland on 14 March, targets in particular the company Mozambique Asset Management (MAM), Privinvest announced on 15 April.
Privinvest states that Mozambique did not pay for goods acquired from it, so accusing the Mozambican state of breaking clauses in the equipment supply agreement and causing $200 million of damages to it.
“For three months or so, Privinvest has been largely silent in the face of a false narrative about its activities in Mozambique and it doesn’t wish to continue to be silent,” a company spokesman, Jeffrey Birnbaum told Bloomberg in April. “Privinvest has been inaccurately and unfairly portrayed in the media and elsewhere and will now set the record straight.”
The Center for Public Integrity (CIP), a non-governmental organization in Mozambique, has noted that in addition to processing MAM, Privinvest has also taken action against two other Mozambican state companies involved in the hidden-debts case: ProIndicus and EMATUM.
Privinvest and its subsidiaries were the only suppliers contracted by Mozambique for shipbuilding projects worth more than $2 billion (€1.769 billion), for which the country obtained or guaranteed loans in 2013 and 2014 without informing parliament or donors such as the International Monetary Fund.
An independent international audit has found a lack of justification for more than $500 million of the loans, over-invoicing for goods and financial unworthiness of the companies involved.
US prosecutors have been investigating what they believe to have been a corruption scheme, and are awaiting the extradition of some of the suspects. Among these is the former finance minister Manuel Chang, who is currently detained in South Africa, the negotiator for Privinvest, Jean Boustani, and several bankers from Credit Suisse.
Mozambique's own prosecutors are also seeking Chang's extradition.

MBA/ARO // ARO.
Lusa



Agency : LUSA

Date : 2019-05-16 10:08:58







 

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