quantum-global

Egypt: Bankruptcy evident if situation continues

President Morsi’s outstanding powers has led to demonstrations in the streets demanding him to relinquish them and it has made it effects on Egypt’s benchmark stock index is as it fell by almost 10% in the first trading session since the presidential decrees. The ongoing political tensions in an already paralyzed economy spread swiftly through […]

Morocco government to expand its budget by $1 bln

The Moroccan government requested the approval of the parliament to increase its budget by an additional $1 billion or 10 billion dirhams to meet rising expenditures, Moroccan economic media reported. The funds are needed to bolster the budget amid an inflationary context marked particularly by drought and reforms. In this respect, 4 billion dirhams of […]

Nigeria: more than 150 kidnapped students rescued days before ransom deadline

Nigerian army has, over the past two days, successfully rescued more than 150 “unharmed” pupils and teachers who were abducted by gunmen from a school in the country’s northeast earlier this month. The kidnapping in Kaduna state on 7 March, one of the biggest such attacks in years, has prompted a national outcry over security. […]