Egypt’s foreign currency reserves going down
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 […]
Finance
AFESD Grants Mauritania over S10.5 million for electricity projects
The Arab Fund for Economic and Social Development (AFESD) granted Mauritania over S10.5 million to help it upgrade electricity facilities and meet the growing demand […]
Egypt: Qatar offers IPO package
Government officials from Qatar and Egypt are currently discussing the details of a $2.5bn Qatari aid package, by way of special IPO agreements in dollars. […]
Egypt gets Qatar’s billions before IMF
Qatar gave Egypt an economic lifeline by lending the country another $2 billion and given it an extra $500 million outright to help control its […]
Algeria-Qatar sign multiple agreements
During the Emir of Qatar’s visit to Algeria, a joint venture agreement has been signed between Algeria and Qatar for the construction of a steel […]
Tunisia: financial offshore centre
The desire to continue the $3 billion Bahraini project in Tunisia has been renewed by the Bahrain investment bank Gulf Finance House (GFH). The project […]
Tunisia hold’s auction to ease budget deficit
Some on the belongings of ex-president Zine al Abidine Ben Ali will be going under the hammer in Tunisia. He left the country when protests […]
Egypt: QNB is taking over Société Générale
Cairo’s bourse three week high journey was brought to an end after Société Générale decided to sell its stakes in Egypt’s National Société Générale Bank […]
Egypt: Markets react positively to announcement
The announcement by President Mohammed Morsi to backtrack on his controversial presidential decree which broadened his powers and led to the most popular protest during […]
Egypt: ADB investment and development loan
Egypt’s search for funding has been given another facelift as the African Development Bank (ADB) decides to help the country get over its troubles. The […]