Tipasa court

Egypt starting to produce a turnaround, IMF

The International Monetary Fund (IMF) has announced that the Egyptian economy is on the right path in recovering from the shambles of the protests that started in 2011. The implemented structural and monetary reforms are boosting the economy and IMF projected that growth could reach 3,8% in 2014-2015 and rise to up to 5% over […]

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]

Mauritania has officially become a gas-producing country

Mauritania has officially become a gas-producing country, as announced by the Minister of Energy earlier on December 31, 2024. The milestone was achieved with the opening of the first natural gas well at the Grand Tortue Ahmeyim (GTA) field, marking a decisive step in the development of this major cross-border energy project. The first drop […]