Egypt pulls debt sale plug

Egypt has decided to call off its first debt sale after a rating cut at Standard & Poor’s raised borrowing costs and as Fitch Ratings warned against delaying an International Monetary Fund loan beyond January. The local currency is continuing on its journey of unprecedented deprecation. The sale which was supposed to take place was […]

Tunisia gets missiles from Algeria

Algeria has supplied Tunisia with weapons in the past as part of a security agreement between them but a source has claimed that the latest supply which took place on Thursday at a crossing point in the border town of Tebessa involved air-to-surface missiles. Although there has been no official statement about the security transactions […]

Turkish President Urges Algeria to Lift Import Restrictions

Turkish President Recep Tayip Erdogan urged Algerian authorities to lift the import restrictions and quotas it has imposed in a bid to curb the surging imports bill and consequently delay the depletion of its foreign reserves. Erdogan, who paid a three day visit to Algiers as part of an Africa tour, told the Turkish-Algerian business […]