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Algeria: IMF Predicts Economic Stagnation
IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]
German Development Bank grants Tunisia €27.5 million loan
Germany’s Development Bank, KfW, has lent Tunisia €27.5 million earmarked for the modernization of the Medjerda canal project at northeastern Cap Bon. The loan will be used to modernize all infrastructures and equipment of the canal to meet the increasing demand in potable and irrigation water. The canal provides the cities of Tunis, Cap Bon, […]
Saudi mining company planning investments in Egypt
MA’ADEN, a Saudi state-owned mining company headquartered in Riyadh, is planning to invest in the Egyptian mining sector, as part of strategies by the Gulf’s largest miner to invest in mining assets around world. The announcement was made by Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla told Asharq Business in an interview. Representative […]



