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In Q4 of 2023–2024, Egypt’s State debt decreases by 2.1%

Egypt’s total public debt fell by 2.1 percent in the final quarter of the 2023/2024 fiscal year, according to the Ministry of Finance. By the end of June, the debt had decreased to LE 12.52 trillion from LE 12.78 trillion recorded in March 2024. This reduction was primarily driven by a 2.7 percent decline in […]

Algeria: Defense Ministry denies Army Chief of Staff sacked amid feud with Bouteflika’s entourage

The Algerian defense ministry Monday brushed aside a statement from President Abdeelaziz Bouteflika’s office that Deputy Defense Minister, General Ahmed Gaïd Salah has been sacked. The office of the 82-year old President who is also Defense Minister reportedly circulated a statement announcing the dismissal of Salah. The statement said Bouteflika appointed General Said Bey to […]

Tunisia’s constitutional crisis escalates political event risk, dims economic reform prospects – Moody’s

“The absence of a constitutional court in Tunisia increases the risk of a prolonged political crisis, Moody’s Investors Service deemed in an issuer comment at the end of July, reports TAP news agency. This will further slow reform implementation upon which hinge disbursements under the umbrella of an envisioned new IMF loan agreement, according to […]