cateteric

Saudi Arabia conditions credit line to Tunisia on IMF’s demands

Saudi Arabia is willing to provide Tunisia a financial facility to support the 2022 state budget but provided that the North African country meets the demands of the International Monetary Fund (IMF) for a restructuring plan, Business News reports. Malek Zahi, Tunisian Minister of Social Affairs, who was in the Gulf country last week for […]

Malawian police arrest ex-president’s stepson on human trafficking charges

Malawian police have arrested the stepson of former President Peter Mutharika in connection with the discovery last month of a mass grave, which contained 30 bodies believed to be those of illegal Ethiopian immigrants. Tadikira Mafubza who is a son of former President Peter Mutharika’s wife, turned himself in to police, according to the Malawian […]

Egypt’s central bank reacts

With rumors surrounding the market claiming that some Egyptians have withdrawn their funds from banks out of concern they would be frozen by the authorities, Egypt’s central bank has taken steps to safeguard deposits in local and foreign currencies in Egyptian banks in response to the rumors. In a press release to address the situation, […]