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Finance

Egypt: Central bank holds special auction

April 15, 2013 Geraldine Boechat 0

The obligation to provide basic imported commodities has forced the Egyptian central bank to auction $600 million. Despite such an amount, foreign exchange dealers believe […]

Egypt and the IMF: towards a bigger loan?

April 8, 2013 Steven Addamah 0

The update given by the Egyptian Planning Minister after talks with the International Monetary Fund has raised eyebrows. Minister Ashraf El-Araby described the talks as […]

Tunisia: IMF deal optional, Sukuk more important

April 3, 2013 Geraldine Boechat 0

Tunisia and the International monetary Fund (IMF) will be signing the loan agreement in May while they will be holding their “last round of discussions” […]

Egypt: Sukuk Market Will Increase as soon as the Legal Framework is Established

March 25, 2013 Steven Addamah 0

Sukuk will be sued to finance the upcoming Public Private Partnership (PPP) projects according to the financial advisor to the Ministry of Finance, Ahmed Al-Naggar. […]

Tunisia: Germany ready to increase investment and aid

March 20, 2013 Geraldine Boechat 0

Germany’s foreign minister, Guido Westerwelle, said they are ready to be more active in Tunisia provided that the country continues to move towards democracy. Minister […]

Egypt: European MPs Tie Financial Support to Democracy, IMF Loan not Coming yet

March 14, 2013 Khalid Al Mouahidi 0

While Egypt is in dire need of foreign assistance to take up the various challenges triggered by the severe downturn of its economy, Members of […]

Egypt: Cuts on Necessary Expenditures

March 6, 2013 Geraldine Boechat 0

The dwindling of Egypt’s foreign reserve is forcing the state to cut down on necessary expenditures. The foreign reserve fell by $105 million in February […]

Mauritania: financial cooperation

February 25, 2013 Steven Addamah 0

Sunday was a very busy day for the minister of economic affairs and development, Mr. Sidi Ould Tah, as he received delegates from two different […]

Egypt says IMF arriving soon

February 15, 2013 Steven Addamah 0

Egyptian Prime Minister Hisham Kandil said on Thursday that he expected an International Monetary Fund team to visit this month for talks on a loan […]

Egypt’s foreign currency reserves going down

February 11, 2013 Steven Addamah 0

Egypt is on the verge of running out of dollars as a run on its pound has left foreign currency in short supply and driven […]

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