Twelve Tunisian migrants drowned in shipwreck off Djerba

Twelve Tunisians, including women and babies, tragically drowned while attempting to illegally migrate to Europe when their boat sank off the coast of Djerba, a tourist island in southeastern Tunisia, according to a judicial source. The accident occurred at dawn under unknown circumstances. Some 29 would-be migrants were rescued. Fethi Baccouche, spokesperson for the Medenine […]

Egypt: President’s adviser blames IMF for delaying the loan

Essam al-Haddad, the closest aide to Mohamed Morsi, has lambasted the IMF for worsening Egypt’s situation. He claimed Egypt has satisfied all the required conditions but the IMF continues to delay the deal. He said the government in a bid to finalize the $4,8 billion loan deal has recently included a phased-out subsidies plan and […]

IMF Welcomes Launch of Gradual Dirham Float in Morocco

The IMF commended Morocco for launching a flexible ex-change rate system, saying that such a decision will help fur-ther improve Morocco’s external position, enhance the economy’s capacity to absorb shocks, and preserve its external competitiveness. Adopting the central bank law and continuing efforts to increase supervisory capacity in line with 2015 Financial Sector Assessment Program […]