Bahrain: IMF appreciates performance of Bahraini banks
Bahrain’s financial and economic authorities will be happy with the reports forwarded by the International Monetary Fund (IMF) and Moody’s rating agency after being considered […]
Finance
Tunisia gets North Africa’s first financial park
Tunis Financial Harbour project will soon be implemented after being shelved for more five years, the Islamic Investment Bank stated. The $3 billion financial park […]
EU Pledges over € 1 billion new support for DRC and Rwanda
The European Commission announced on Tuesday a new financial support for the Democratic Republic of Congo and Rwanda worth €1.08 billion over the 2014-2020 period. […]
G7 Pledges to Help Ukraine Address Economic Challenges
The Finance ministers of G7 have pledged to help Ukrainian government to usher in market-oriented reforms that will restore financial stability, unleash the country’s economic […]
Egypt: IFC striving to revive economy
Political instability in Egypt since the ouster of Islamist President Mohamed Mursi and banks’ increasing exposure to the indebted government, has given the country a […]
Libya runs out of money to finance ministries
Oil protests in Libyahavegreatly affected the country’s budget as oil and gas exports are the main source of the government’s budget,which has made it impossible […]
Egypt’s Central Bank Slowly Running out of Cash
After Egypt’s foreign currency reserves had fallen to 17 billion USD in December last year compared to 17.8 billion USD a month earlier, Cairo had […]
EIB Lends Egypt € 205 Mln for Energy Project
The European Investment Bank (EIB) has lent Egypt € 205 million to enable the North African country carry out a new energy project which consists […]
Omantel privatization continues, government steps back
Omantel, former telecommunications monopoly of the Omani government, is undergoing a privatization phase as announced in September. The government plans to reduce its 70 percent […]
Banks in Saudi Arabia to increase capital
With an enormous growth in deposits which arrived at $344 billion last year according to data released by Saudi Arabian Monetary Agency (SAMA), Saudi banks […]