Business & Economy Bound

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...

Nigeria: New president starts job on shaky ground after nearly tripling fuel pricesF

By Alexandre Martins Lopes with Louise Dewast in Abuja and Aminu Abubakar in Kano: Commuting to work in Lagos, Nigeria's megacity of some 20 million people, has long been a hellish affair, but a surge in petrol prices is making it even worse. Fuel prices have almost...

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...

Egypt: Cargo ship briefly grounded in Egypt’s Suez CanalF

A cargo ship ran aground Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic, the authority in charge of the vital waterway said. The Hong Kong-flagged Xin Hai Tong 23 bulk carrier was refloated after "a sudden malfunction of...

Algeria-Spain: Despite diplomatic disconnect, Algeria-Spain maintain strong energy ties ($)F

Jan 13, 2024

Egypt’s economy hit hard by Houthis’ attacks on commercial vessels in the Red SeaF

Egypt’s economy hit hard by Houthis’ attacks on commercial vessels in the Red SeaF

Jan 12, 2024

The US and the UK hitting Houthi targets in Yemen is largely the result of a sense of panic taking place in commercial...

Mauritania: Sudden customs tax increase at border with Morocco jolts food markets in MauritaniaF

Mauritania: Sudden customs tax increase at border with Morocco jolts food markets in MauritaniaF

Jan 12, 2024

Households and consumers in Mauritania are experiencing spikes in food prices. A the Nouakchott fruit and vegetable...

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