Business & Economy 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...
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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...
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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...
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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...
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