economy upfront Bound

Egyptians expect more hardship as Cairo gets $3 billion loan from IMF. Currency value plunges 17%F

Egypt has clinched a $3 billion loan deal with the International Monetary Fund conditioned on a currency depreciation and state subsidy cuts, the government said Thursday. The Egyptian pound shed 17 percent of its value against the dollar after the staff agreement was...

French cement giant Lafarge accused of supporting “terror groups”F

Turkish President Recep Tayyip Erdogan said Friday he warned France about the cement company Lafarge's ties to terror groups in northern Syria. "When I explained how the cement giant called Lafarge supported terrorist organisations in northern Syria... the French did...

Algeria-France looking to elevate their economic tiesF

The Algerian and French prime ministers on Monday hailed a "new dynamic" as they launched a joint economic forum during a visit to Algiers by France's Elisabeth Borne. Borne's two-day trip to the former French colony and major gas exporter comes just weeks after...

Energy: Algeria set to increase prices of natural gas delivered to SpainF

Algerian state energy firm Sonatrach has agreed with Spanish buyer Naturgy to revise prices on gas deliveries through a key undersea pipeline, it said Thursday, as Europe gears up for a winter energy crunch. "Sonatrach and its partner Naturgy have agreed to revise the...

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

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

Jun 1, 2023

Tunisia's President Kais Saied on Thursday proposed taxing the North African country's wealthiest citizens as a way of...

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

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

May 15, 2023

The Algerian cereal authority, the Interprofessional Cereals Office (OAIC) has just placed a purchase order for soft...

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

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

May 1, 2023

Tunisia's largest union on Monday attacked the government's handling of negotiations with the IMF on a loan to bail...

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