Business & Economy Bound

Tunisia: While waiting for an international bailout, Tunisia looks to raise taxes to stay afloatF

Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout. The 2023 budget comes as the North African country grapples with...

Egypt: Suez Canal chief seeks to dispel fears over draft Egypt lawF

The chairman of Egypt's Suez Canal on Thursday affirmed the waterway is "not for sale", in a bid to allay fears over a draft law under discussion in parliament. On Tuesday the legislature approved in principle a bill proposed by the government seeking to establish a...

Algeria troubled by Europe’s gas price capF

Africa's top gas exporter Algeria on Tuesday spoke out against a European Union price cap on natural gas, saying it would threaten upstream investments. Algeria "doesn't support the idea of limiting prices", Energy Minister Mohamed Arkab said, speaking a day after EU...

While Algerian gas keeps flowing into Spain, trade between the two is frozenF

By Valentin Bontemps: Six months after Algeria cut ties with Spain following a spat over disputed Western Sahara, trade between the two countries remains paralysed, much to the dismay of the worst-hit companies.  With sales blocked, investment frozen and projects at a...

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