labor day rallies in morocco

Egypt receives funds for nation building

The World Bank and Kuwait have boosted Egypt with funds to help Egypt in its rebuilding efforts. Kuwait attributed a billion dollar grant while the World Bank gave $300million loan for the promotion of small and medium sized enterprises. Unemployment in Egypt has been drastically reduced because people have started to venture into self-employment. The […]

Morocco plans to draw on IMF liquidity line – media

Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]

Algeria’s political protests poised to grow as economic crisis bites

The glue holding Algeria together is no longer binding. The country’s finances have been hit hard by low oil prices and the regime is unable to buy social peace as the currency, the economy and public services crumble further fueling the pro-democracy protests known as the Hirak. Two years on, the flame of the Hirak […]