EU – grey – list

Algeria’s Import Restrictions Doomed to Backfire

The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]

Egypt values compensation for Suez Canal blockage at over $1bn

Egyptian authorities expect to get more than $1 billion from Ever Given to cover damage and losses incurred in operations to float the mega ship that blocked the vital waterway for several days. The chairman of the Suez Canal Authority (SCA), Osama Rabei told media that the authority launched Wednesday probe into the incident that […]

Egypt: Sisi fumes at Prime Minister and cabinet members in public

President Abdel Fattah El-Sisi will be celebrating one year as the Egyptian Head of State on Tuesday but he is unpleased with the achievements of the government led by Prime Minister Ibrahim Mahlab after he publicly criticized him and some members of his cabinet. The president was at the inauguration ceremony of development projects being […]