Egypt’s Minister of Petroleum and Mineral Resources, Tarek El-Molla, says the North African country has signed nine new petroleum agreements to search for petroleum and natural…
Browsing: North Africa Business
The budget which was approved by President Tebboune on Thursday, after it was passed by the two chambers of parliament, forecasts a deficit of 2,700 trillion dinars (around $20.4 billion, 17.6 billion euros), or 14 percent of GDP.
The Central Bank of Egypt also decided that to ease the burden on pensioners, the bank will bear the cost of cash withdrawal fees for pension payment cards
The African Continental Free Trade Area (AfCFTA), which brings together all the African countries with a combined gross domestic product of $3 trillion, had initially been scheduled to be launched on July 1. The implementation was postponed for six months due to the Covid-19 global pandemic that led to lockdowns and restricted movement.
He said the speed of the economic recovery process from the pandemic will depend on collective responsibility and the financial capacity of developing countries to address immediate shocks, stabilize their economies, and invest in growing back.
The Central Bank of Libya, on Wednesday, announced a change in local dinar’s exchange rate against the dollar, in an attempt to introduce economic reforms in…
The African Development Bank (AfDB) has approved a grant for a $14.96m for a project which will help women in Sudan access finance and grow their…
Egypt’s foremost Biomedical company, BIOTECH plans to begin a robotic devices assembly in Egypt in the second half of 2021. According to the company’s Director Sherif Khattab, Biotechnology for Medical Engineering Company (BIOTECH) will bring together robots that could be deployed in airports, hospitals, malls, metro stations, and public spaces for disinfection and sterilisation purposes
Morocco’s Ministry of Economy and Finance, on Wednesday, said it issued bonds worth $3 billion in the international financial market. The $3 billion bonds sold by…
Libya has announced it generated $700.4m in revenues from export crude oil, gas and condensate in November. The Libyan National Oil Company (NOC), in a statement…