Battered by the oil price slump, the underdeveloped banking sector in Algeria sees new financing sources in Islamic finance to tap into the huge informal economy and catch up with Morocco and Tunisia, which have already allowed such participatory banks to operate. As it edges towards offering banking services to suit more religiously conservative investors, […]
The US President Joe Biden endorsed the extension of the African Growth and Opportunity Act (AGOA) upon its expiry in September 2025. “I strongly support re-authorization of the African Growth and Opportunity Act — a landmark, bipartisan law that has formed a bedrock for US trade with sub-Saharan Africa for more than two decades,” said […]
Egypt and Russia have signed several agreements and memoranda of understanding meant to boost trade and industrial cooperation between the two countries. The accords were signed at the end of the tenth Russian-Egyptian intergovernmental commission session on trade, economic and scientific cooperation held in Cairo. Some of the major agreements provide for the establishment of […]
