Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]
Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]
A consumer boycott hit Morocco’s market leader for milk, Centrale Danone, which announced laying off temporary contract workers and a 30% reduction in the amount of milk it collects. The boycott started 40 days ago and gained large support among citizens. A survey on L’economiste showed that 42% of Moroccans are boycotting Centrale-Danone along with […]
