Egypt’s poverty rate has shrunk by 29.7 per cent for the first time in two decades. The fall was revealed by the Central Agency for Public Mobilization and Statistics (CAPMAS) based on fiscal year 2019/2020, Arab Finance reports. Poverty line in Egypt, according to the agency, is defined as anyone with a monthly income of […]
Morocco’s Central bank has decided to maintain its key interest rate unchanged at 2.25 %, while continuing to strengthen the measures aimed at easing financing conditions for businesses, especially very small enterprises (VSEs). The decision was made Tuesday by the Bank’s board after having analyzed national and international economic developments and reviewed medium-term macroeconomic projections. […]
The US will continue to support the Tunisian army’s efforts to combat terrorism and tackle insecurity as the North African country battles against waves of terrorists crossing into the country to create mayhem, US ambassador to Tunis announced on Friday. Ambassador Daniel Rubinstein met with Tunisian Defense Minister Farhat Horchani to whom he reiterated the […]
