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CIB Egypt lands $148 million from AfDB to support SMEs, trade
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
Chinese, Turkish textile companies to supply Tunisian armed forces with uniforms, anger of local manufacturers
Chinese and Turkish textile companies will supply the Tunisian armed forces with uniforms over the next three years for a value estimated at around $22.7 billion. The procurement, kept secret, was disclosed by Nafaa Ennaifer, the President of the Tunisian Textile Federation who on a Facebook post said the contracts awarded to the foreign […]
Libya to remove oil and food subsidies
Oil minister Al Arusi has announced that they will be joining the campaign against the sensitive fuel market reforms and will also be scrubbing off oil subsidies, which take more than 10% of the budget, before the end of 2016. The decision to remove fuel subsidies on all types of fuel is blamed on smuggling […]


