CAIRO, Oct 19 (Reuters) – Egypt’s economy will grow slower than earlier predicted as inflation eats into purchasing power and the Egyptian pound weakens, a Reuters poll showed on Thursday.…
Economy
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EconomyNewsNorth AfricaTunisia
Tunisia Has Managed to Repay Almost 74% of Its External Debt Service
by Amila Herathby Amila HerathTunisia – “Tunisia has indeed managed to repay almost 74% of its external debt service, contrary to the forecasts of the rating agencies and the financial markets, but to achieve financial…
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AlgeriaFeaturedMoroccoNewsNorth Africa
‘What to Dream about Next’: Algeria Loses All Battles Against Morocco
by Wunna Htunby Wunna Htun“What to dream about next?”, an expression that is mainly linked to sleep, is a metaphorical exploration of the future. It’s about envisioning the next steps, the next goals, and…
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BusinessEconomyMoroccoNewsNorth AfricaRussia
Morocco Plans to Import 2 Million Tonnes of Common Wheat
At a time when cereal exports are on the rise, Morocco plans to import 2 million tonnes of soft wheat to combat drought problems. The National Commercial Office for Cereals and…
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EconomyEgyptNewsNorth Africa
Egypt’s Economy Hit With Downgrades as Sisi Seeks Third Term
by Deepak Mirzaby Deepak MirzaA leading financial services firm released a negative assessment of the Egyptian economy on Tuesday following President Abdel Fattah al-Sisi’s confirmation that he will seek a third term in office. S&P…
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The International Monetary Fund (IMF) said its executive board approved $1.3 billion for Morocco under the resilience and sustainability facility arrangement. The arrangement will help Morocco address climate vulnerabilities, increase…
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EconomyNewsNorth AfricaTunisia
Tunisia Repays Nearly 74% of External Debt Service
by Amila Herathby Amila HerathTunisia has managed to repay almost 74% of its cumulative external debt service, defying predictions by several parties that the country would not be able to meet its commitments in…
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AfricaBusinessDefenceEconomyEnvironmentFeaturedGlobal NewsGovernmentMiddle EastNational SecurityNewsNorth AfricaWorld News
The Middle East and North Africa Gap – Prosperity for the rich, austerity for the rest [EN/AR]
Economies in the Middle East and North Africa (MENA) are reeling from the pandemic, a historic cost-of-living crisis and mounting public debt. While the rich have increased their wealth, the…
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EgyptFeaturedNewsNorth Africa
Egypt’s Sisi: Architect of Cash-strapped ‘New Republic’
by Amila Herathby Amila HerathTen years after President Abdel Fattah al-Sisi rose to power in Egypt promising prosperity for all, he embarks on a third run for office as Egyptians buckle under unrelenting economic…
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An Egyptian lawmaker has revealed that the first review by the International Monetary Fund (IMF) of Egypt’s economic reform program, initially scheduled for September, has been postponed for the second…