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 […]
Finance
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 […]
Algiers plans gets World Bank support
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
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
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
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
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
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
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 […]