Discussions are at an advance stage between Egypt and the International Monetary Fund on securing additional financial help, according to Egypt’s Planning Minister, Hala Saeed. Saeed…
Browsing: North Africa Business
Algeria is increasing its fuel price. This OPEC member wants to reduce local consumption and imports as the economy battles from the effects lockdown on businesses. …
Egypt’s central bank has left its main interest rates on hold in a bid to balance the slowdown caused by the coronavirus crisis with an unexpected…
Morocco’s Royal Air Maroc is seeking a state loan guarantee to pay for June expenses as it struggles with $5 million in daily losses caused by…
Tunisia has declared a need for more external funding. In fact, double of the initial 2.5 billion Euro to about 5 billion Euros this year, due…
Algeria has lost a major European market as Spain now buys its gas from the US due to a drop in oil and gas prices from…
The International Monetary Fund’s executive board has approved Egypt’s request for $2.77 billion in emergency financing as it looks to help the Egyptian government meet urgent…
As many countries relax lockdown restrictions, commercial activities are picking up as they battle the negative economic implications of the COVID-19 pandemic. Following a Cabinet meeting…
Egypt has filed a complaint to the UN Security Council in protest to Ethiopia’s plan to fill the controversial hydro-power dam project known as the Grand…
Egypt’s foreign reserves dropped by a further $3.07 billion in April as investors pulled cash from emerging markets. The country’s central bank says this has put…