migrants at sea

Syria: Jordanian businesses begin to feel collateral damage

Syrian rebels’ seizure of the main frontier crossing with Jordan has begun to have an impact on the government in Damascus and regional countries that are engaged in trans-frontal trade. The Nasib crossing point fell to the rebels at the beginning of the month and some Jordanian businessmen have already started calling for the Assad […]

Algeria: Government shelves equipment projects due to oil prices collapse

The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]

Shares trading in indebted Kenya Airways suspended for another year as restructuring falters

Trading in Kenya Airways shares has been suspended for another year, as the indebted national carrier battles to return to profitability and the country’s president says he wants to sell the government’s stake. Stocks in the troubled airline have not been traded since July 2020 in the midst of the Covid-19 pandemic, which devastated global […]