Category: Finance

UK Foreign Affairs Committee brands Libyan Central Bank Governor financier of militias, gangsters

August 9, 2022

The UK Foreign Affairs Committee has labelled Saddek Elkaber, the Governor of the Central Bank of Libya (CBL) “well-known financier of militias and gangsters” who ... Read More

Libyan, Tunisian Central Banks to enhance cooperation

August 8, 2022

The governors of the central banks of Tunisia and Libya held Sunday talks in capital Tunis to improve cooperation between the two institutions. Marouen Abassi ... Read More

Saudi Arabia posts $20.8bn budget surplus in Q2

August 5, 2022

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period ... Read More

Egypt mull plans to list SCA companies on Cairo stock market

August 4, 2022

The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA ... Read More

Egypt rejects reports about seeking $15b loan from IMF

August 3, 2022

Egypt’s Finance Minister Mohamed Maait has denied reports that the Arab Republic is seeking a $15 billion-loan from the International Monetary Fund (IMF) to shore ... Read More

Morocco’s trade deficit expands due to expensive energy imports

August 2, 2022

Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the ... Read More

Egypt seeks to lure $10B FDI in FY 2022-2023

August 1, 2022

Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning ... Read More

Economic headwinds: foreign debt and inflation cloud Kenya’s presidential polls

July 30, 2022

As Kenyans head to the polls on August 9, East Africa’s largest economy could be headed for tough times. With the country’s currency having depreciated ... Read More

Morocco: Economy achieved outstanding performance in 2021, Central Bank says

July 30, 2022

King Mohammed VI received Saturday at the Royal Palace of Rabat, Abdellatif Jouahri, Governor of Bank Al Maghrib, who presented to the Sovereign the central ... Read More

EBRD invests in first Green Bond in Morocco’s railway company

July 30, 2022

The European Bank for Reconstruction and Development (EBRD) announced Friday a €19.2million investment in a certified green bond issue of €95 million by Moroccan national ... Read More