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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 […]
Egyptian court orders seizure of assets of 89 Muslim Brotherhood members
A court in Egypt has ordered the seizure and confiscation of assets of 89 members of outlawed Muslim Brotherhood, including former late President Mohamed Morsi. “The Court for Urgent Matters in Cairo ordered the seizure of the assets of 89 leaders and members of the Brotherhood and the heirs of Morsi, and their transfer to […]
The Sluggish Kick-Off of Algeria’s Presidential Campaign
Although the ongoing presidential campaign in Algeria has not impressed much by now, the six candidates have recently started complaining about “irregularities”. The National Election Monitoring Committee (CNISEL) now receives complains every day at both national and local levels. According to the CNISEL’s chief, Fateh Boutbik, the complaints are mostly related to the violation of […]



