Algeria has been named by the U.S. State Department among the world worst violators of religious freedom. It is the only country in North Africa included in the U.S. black-list. “I have designated Algeria, Azerbaijan, the Central African Republic, Comoros and Vietnam as Special Watch List countries for engaging in or tolerating severe violations of […]
The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]
Egypt plans to invest about $663 million in new industrial projects, Mohamed Maait, Minister of Finance said. The new investment will go to building new industrial complexes across the country to boost exports of Egypt-made products. According to the minister, more than $300 million will be spent on the construction of 13 new […]
