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Still Short of USD:Egypt’s Booming Foreign Currency Black Market

Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]

EU’s 7.4 bn-euro aid package to support cash-strapped Egypt, curb illegal migration

The European Union signed a “historic” deal with Egypt on Sunday (17 March) that includes a funding package of 7.4 billion euros and elevating their relationship to the level of a “strategic and comprehensive partnership”, in bid to stem migrant flows to Europe. The 7.4 billion-euro aid package for cash-strapped Egypt was announced by European […]

Corporate Insolvencies Fall in Morocco as Global Failures Hit a Five-Year High

Morocco is bucking a global trend on corporate insolvencies, recording a decline in business failures at a time when the rest of the world is heading into a fifth consecutive year of rising defaults. According to a report published on April 22 by trade credit insurer Allianz Trade, Morocco’s corporate insolvencies fell two percent in […]