North Africa Post
North Africa Post's news desk is composed of journalists and editors, who are constantly working to provide new and accurate stories to NAP readers.
https://northafricapost.com

Related Articles
Business Egypt Headlines

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

North Africa Post

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
Africa Emerging Markets Europe Headlines International

Russia strengthens ties with Sahel Gvts, accuses Ukraine of “destabilizing” the region

North Africa Post

Russia is intensifying its involvement in West Africa, particularly in the Sahel region, as military governments in Mali, Niger, and Burkina Faso seek to distance themselves from Western influence. Following talks with three of his counterparts from the Alliance of Sahel States (AES) in Moscow on Thursday (3 April), Russian foreign minister Sergey Lavrov accused […]
Africa Algeria Emerging Markets Finance Headlines International

Algeria’s fiscal model under strain, warns IMF

North Africa Post

Algeria’s economic foundations are showing serious cracks, including an unsustainable fiscal system, rigid economic structure, dependence on oil and mounting external vulnerabilities, the IMF warned in a new report. The budget deficit expanded to 13.9% of GDP in 2024, one of the highest in the region, the IMF said, noting that this sharp deterioration stems […]