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Tag: Bankruptcy
Air Algeria Titters on the Edge
Algeria’s flagship carrier, Air Algérie is on the verge of bankruptcy due to corruption and inefficient leadership, Algerian media wrote. The crisis hitting the carrier ... Read More
Algeria Resorts to Time-buying Measures to Stave off Bankruptcy
As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to ... Read More
Tunisia on Verge of Bankruptcy as IMF Freezes Loan
The International Monetary Fund has postponed the second tranche of a loan worth $350 million to Tunisia because of a lack of progress in reforms ... Read More
Tunisia: Ennahda Makes a U-Turn Ahead of Bankruptcy
A few days after Chairman Rached Ghannouchi of Ennahda ruled out any possibility of succumbing to the pressure of the opposition, the party has announced ... Read More
Egypt’s pound depreciates again
The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank ... Read More
Libya denies any plans to take over French oil refinery
The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently ... Read More
Egypt: Bankruptcy evident if situation continues
President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark ... Read More