The Shura Council’s last week decision to raise taxes on bank loan provisions has generated discontent from the banking sector, after the amendments were submitted to the legislature without being discussed at the Shura. Banks in the country criticized the move which was initiated by a parliament member from Muslim Brotherhood’s Freedom and Justice Party. […]
The political events that unfolded in Tunisia this week show that the mandate of the next government will be full of challenges and tough decisions. The Prime Minister-designate Habib Essid was forced to postpone the presentation of his cabinet to the parliament for approval because of uncertainty on whether he will be able to get […]
The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]
