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Finance

Egypt is struggling due to bad credit ratings

June 28, 2013 Geraldine Boechat 0

Government officials in Cairo have claimed that the State-owned Egyptian General Petroleum Corp. (EGPC) is close to acquiring a letter of credit from the National […]

Tunisia: Government to recapitalize banks by September

June 18, 2013 Steven Addamah 0

The Tunisian government’s published a letter sent to the IMF, describing the government’s intention to recapitalize its banks through a rescue operation. The amount needed […]

Egypt: NGO warns European Bank against loan

May 28, 2013 Geraldine Boechat 0

The European Bank for Reconstruction and Development (EBRD) should be deciding on Wednesday whether they will fund oil drilling projects in Egypt with a $40m […]

Algiers plans gets World Bank support

May 24, 2013 Steven Addamah 0

The World Bank’s Vice President for the Middle East and North Africa Region, Inger Andersen, has assured Algeria of their continuous support in the expansion […]

Tunisian institutions at loggerheads about IMF loan

May 23, 2013 Steven Addamah 0

The stand-by loan agreed upon and expected to be signed this month by the Tunisian government and the International Monetary Fund (IMF) is again being […]

Egyptian pound settles for a another new record

May 17, 2013 Geraldine Boechat 0

The Egyptian pound has strike a new low against the US dollar, after official exchange rates reached LE7, a rate unseen since 2003, in commercial […]

Suez Canal investment project launched

May 14, 2013 Steven Addamah 0

Prime Minister Hesham Qandil has pointed out that the government is willing to offer some areas around the Suez Canal for investment projects, but it […]

Bank Asset sales lure investors back to Egypt

April 29, 2013 Geraldine Boechat 0

The National Bank of Egypt (NBE) and Banque Misr have made clear their desire to sell their foreign assets, prompting investors to term the Egyptian […]

The sinking of Egypt’s currency

April 25, 2013 Steven Addamah 0

The Egyptian pound is still going through its worst period after reaching a new all-time low against the United States dollar at an average of […]

Libya: Growth pegged at 3% after production rise

April 18, 2013 Steven Addamah 0

The economy minister has forecasted a growth of 3% in 2013 after the country reached the post uprising era level of production. His prospect is […]

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