Tunisia: Fitch cuts Tunisia’s ratings and promises more
Fitch ratings have published a negative outlook of Tunisia and have promised to implement further cuttings if the situation in the country is not remedied. […]
Finance
Egypt: billions to revive the economy
After experiencing what could be the worst crisis since Mubarak stepped down from power, Egypt has revealed its intentions of reviving its handicapped economy. The […]
Tunisia gears towards financial emergency
An official of the International Monetary Fund (IMF) has stated that the assassination of Mohamed Brahmi in July which provoked protests against the government has […]
Moroccan Bank Boosts South-South Cooperation
Moroccan Attijariwafa bank officially became last week the majority shareholder in BIA Togo, confirming thus its role in boosting regional economic development and South-South cooperation. […]
US government becomes Jordan’s loan guarantor
The United States have decided to come to Jordan’s rescue by willing to serve as a guarantor for its loans. The kingdom of Jordan is […]
Libyan Banks ready to auto-finance development and growth
Libya’s banking sector is willing to give more support to the Libyan Airlines in order to make a regional and even a continental powerhouse in […]
U.S. Earmarks a $7 billion investment to double access to electricity across sub-Saharan Africa
President Barack Obama announced over the weekend Washington will earmark a $7 billion investment over the five coming years to double populations’ access to electricity […]
Egypt is struggling due to bad credit ratings
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
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
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 […]