Egypt’s CIB receives $250 million loans from IFC for multiple purposes including green projects

Egyptian private Commercial International Bank (CIB) indicated Sunday it received $250 million from the International Financial Corporation (IFC) in form of multiple loans to be used to support its capital and fund green projects. The first loan has a value of $150 million and a 10-year term, including $90 million for the refinancing of outstanding […]

Tunisia’s PM rants at French documentary on poverty and dictatorship

Tunisia’s Prime Minister Ahmed Hachani seems to have made a trip to Paris specifically to protest against a French documentary that exposed Tunisia’s worsening poverty and dictatorship under the rule of Kais Saied. Speaking at a presser with his French Peer Attali, Hachani ranted at the documentary describing it as “an unfriendly act by our […]

Tunisia: World Bank ties release of loan to appointment of a PM with economics background

The World Bank has tied allocation of a loan to Tunisia to a number of conditions including the appointment of an economist as Premier, the Washington-based bank’s Vice President for Middle East and North Africa Ferid Belhaj, who was on a visit to Tunis this week, has revealed. Tunisia has been without a Prime Minister […]