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Egypt: Suez Canal traffic resumes after broken down tanker tugged awayF

Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused brief delays in the  Suez Canal, authorities in charge of the vital waterway said. Traffic in both directions returned to normal after a brief disruption when the...

Tunisia’s president considering taxing the wealthy to prevent IMF meddlingF

Tunisia's President Kais Saied on Thursday proposed taxing the North African country's wealthiest citizens as a way of avoiding what he has called the "diktats" of the International Monetary Fund. Despite reaching an agreement in principle last October on a bailout...

Algeria’s wheat imports to hit record volumes this summer ($)F

The Algerian cereal authority, the Interprofessional Cereals Office (OAIC) has just placed a purchase order for soft wheat of between 500,000 to 600,000 tons for a delivery planned in the upcoming summer.  The purchase will take place in a context of drought affecting the main cereal-growing regions of Algeria. This order, described as important, is seen as the continuation of Algeria’s policy to strengthen its wheat stocks. In a note to client, data firm Agritel points out that likely, Russia will be a key supplier, alongside other European countries, that will inevitably include France. The purchase price is around 276 dollars per ton, costs included with delivery in summer.

Tunisia: UGTT union chief rejects talks with IMF in fear of tough austerity measuresF

Tunisia's largest union on Monday attacked the government's handling of negotiations with the IMF on a loan to bail out the North African country as it slides deeper into debt. Tunisia is seeking a bailout package worth nearly $2 billion from the International...

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