North Africa’s Economy
Tunisia looking for an IMF bailout
Tunisia will send a delegation to Washington this week to seek global financial support for an economic reform programme, the prime minister's office said Monday. "A government team will head to Washington at the end of this week for a series of meetings with the...
Libya: Central Bank-Oil Company feud forces shut down of oil exports from Port of Hariga
Libya's National Oil Corporation said crude exports have been suspended from one of the country's top terminals following the central bank's "refusal" to release budget funds. Strife-torn Libya's energy sector has sprung back to life since a ceasefire deal between...
Algeria: Labor unrest intensifies as general prices rise. Country’s outlook compromised
Stress in he Algerian labor market has been intensifying in the face of a dormant government. Government action in the North African country has been dormant, with no policy directions coming from either the presidency or the prime minister's office. All government...
Egypt, Ethiopia and Sudan launch another attempt at negotiations over Nile dam
Foreign ministers from Egypt, Ethiopia and Sudan held talks in Kinshasa on Sunday over Addis Ababa's contested giant dam on the Nile, seen as vital by Ethiopia and a threat by downstream Egypt and Sudan. "These negotiations represent the last chance that the three...
Egypt: Negotiations over Ethiopian dam project going nowhere
Egyptian President Abdel Fattah al-Sisi warned Tuesday that Ethiopia's enormous dam project, upstream on the Nile, risked causing "unimaginable instability". The dispute over the Grand Ethiopian Renaissance Dam (GERD) has been simmering for around a decade and...
Egypt: Suez Canal reopens after container ship refloated
By Hager Harabech with Mona Salem in Cairo - Suez, Egypt, March 29, 2021 (AFP) - The MV Ever Given was refloated and the Suez Canal reopened on Monday, sparking relief almost a week after the huge container ship got stuck during a sandstorm and blocked a major artery...
Egypt: Container ship still stuck in Suez Canal
By Mohamed Abouelenen - Egyptian authorities decided Sunday that more tugboats will be needed to free a mammoth container ship blocking the Suez Canal, a shipping agency said, dashing earlier hopes that the vital global trade route could be clear by the end of the...
Egypt: Russia marketing its Northern Sea route as alternative to Suez Canal
Russia cheekily pushed the Northern Sea Route on Thursday as an "alternative" to Egypt's Suez Canal after a huge container ship blocked the busy shipping lane. President Vladimir Putin has long promoted the passage along the country's Siberian coast as a rival to the...
Egypt: Single container ship cripples Suez Canal traffic
By Farid Farid - The owners of a giant container vessel blocking the Suez Canal said Thursday they faced "extreme difficulty" refloating it, as Egypt temporarily closed one of the world's busiest shipping lanes. Egyptian President Abdel Fattah al-Sisi's advisor on...
Tunisia launches first domestically made satellite
By Caroline Nelly Perrot - Tunisia celebrated the launch Monday of its first domestically made satellite, hoping it would inspire young engineers to reach for the stars at home rather than join those emigrating overseas. Challenge-1, built by a team from...