Business & Economy Bound

Tunisian bakers strike over unpaid subsidiesF

Thousands of Tunisian bakers staged a strike Wednesday to demand that the state pay up overdue subsidies, but suspended the action in the evening after reaching a deal with the government. The national bakery owners' union said some 3,200 of their businesses had...

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...

Libya-Turkey undersea gas deal angers European nationsF

Libya's Tripoli-based prime minister Abdulhamid Dbeibah has defended a deal signed earlier this week with Turkey over oil and gas exploration in the Mediterranean, which angered European nations. The memorandum of understanding, three years after a controversial...

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

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

Jun 2, 2023

By Alexandre Martins Lopes with Louise Dewast in Abuja and Aminu Abubakar in Kano: Commuting to work in Lagos,...

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...

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

May 25, 2023

A cargo ship ran aground Thursday in Egypt's Suez Canal before it was quickly refloated without interrupting traffic,...

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