Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]
Algeria trade deficit widened to $10.33 billion during the first nine months of 2015, against a $4.09 billion surplus a year earlier, after a sharp fall in energy earnings caused by global drop in crude oil prices. The new figures confirm the deteriorating economic situation in the North African country, member of the OPEC cartel. […]
Moussa Diawara, the former director of Mali’s State Security under Ibrahim Boubacar Keïta, was arrested and charged with “complicity in kidnapping and abduction” in the disappearance of journalist Birama Touré. The former president’s son, Karim Keita, is also named in the case. This is a new twist in the case of the disappearance of journalist […]
