Egypt to raise $1 billion for Tourism, Minister Zaazou
The struggle to restore the past glory of Egypt’s tourism sector is still ongoing despite the multiple challenges. Authorities have decided to launch a campaign […]
Central bank
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, […]
Egypt : the Tug of War between Privatization and Nationalization
Minister Mounir Fakhry Abdel-Nour of the Ministry of Investment, Foreign Trade and Industry will be concentrating on attracting investment, promoting foreign trade and industry after […]
Tunisia : IMF approval gives hope to Central Bank
A much delayed $506 million loan, part of a two-year $1.76 billion package agreed upon last year, approved by the International Monetary Fund (IMF) was […]
Egypt : Saudi Arabia’s aid package to save dwindling economy
Saudi Arabia will be offering $5billion to Egypt to save its declining economy. The Egyptian Stock Exchange has been on the decline forcing the Board […]
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 […]
Egypt: Central bank holds special auction
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 auctions US dollars
As the Egyptian pound reaches 6.1858 to a dollar, its lowest in 8 years, the central bank is urging Egyptians to “ration” their foreign currency […]
Tunisia: Central Bank raises Key rate
The Central Bank’s Key interest rate has been lifted in Tunisia as the country struggles to fight against the rising inflation. The new rate has […]
Egypt: Central bank accepts and offers new bonds
The central bank of Egypt has fallen short of its initial objectives to collect 13 billion Egyptian pounds in the seven day repurchase agreements that […]