Egypt : Important project gets $60m loan
The Mall of Arabia shopping center will be benefitting from a $60 million loan from the International Finance Corporation (IFC), a member of the World […]
Finance
Libya : 56,5billion dinar budget approved after 6months
With more than half of the fiscal year gone, Libyan lawmakers have finally decided to vote the budget bill that was forwarded by the government. […]
Libya: PM al-Thinni blames Central Bank for failures
Libya’s political future still remains in shambles and the Central Bank is the latest institution being dragged into the melee. Outgoing Prime Minister, Abdullah al-Thinni, […]
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 […]
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 […]