Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
Moroccan authorities are planning to set up free industrial zones to attract investments that shall benefit from the deep water port that Morocco will build in Dakhla, Moroccan media reported. Morocco’s King Mohammed VI has underscored the strategic importance of the port of Dakhla in unlocking the economic potential of the southern provinces and boosting […]
The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]
