Business & Economy Bound

The IMF board on Friday approved a one-year, $5.2 billion financing package for Egypt to help the country alleviate the economic impact of the COVID-19 pandemic. The new funding under a standby arrangement comes on top of $2.8 billion in emergency aid the IMF board...

Tunis, June 25, 2020 - Tunisian Prime Minister Elyes Fakhfakh warned Thursday that his country's economy, hit hard by the global coronavirus pandemic, would contract by around six percent this year, as public companies flounder. "All state enterprises are in...

Since March 2020, Sonatrach has been operating without a Chief Finance Officer (CFO), despite a presidential decree announcing the appointment of Hadj Djilali Abouda. Abouda was appointed Vice President of Finance by a presidential decree on 30 March, but he never...

Cairo, June 10, 2020  - Hotels have ramped up hygiene, archaeological sites have been sanitised and beaches cleaned up -- Egypt is gearing up to welcome back tourists kept away by the coronavirus pandemic. "We are laying the groundwork for tourists from around the...