Tag: Bankruptcy

Air Algeria Titters on the Edge

July 16, 2018

Algeria’s flagship carrier, Air Algérie is on the verge of bankruptcy due to corruption and inefficient leadership, Algerian media wrote. The crisis hitting the carrier ... Read More

Algeria Resorts to Time-buying Measures to Stave off Bankruptcy

October 20, 2017

As it heads straight to insolvency, Algeria insists on shunning foreign debt as it resorts to unconventional measures involving the Central Bank money printing to ... Read More

Tunisia on Verge of Bankruptcy as IMF Freezes Loan

March 2, 2017

The International Monetary Fund has postponed the second tranche of a loan worth $350 million to Tunisia because of a lack of progress in reforms ... Read More

Tunisia: Ennahda Makes a U-Turn Ahead of Bankruptcy

August 19, 2013

A few days after Chairman Rached Ghannouchi of Ennahda ruled out any possibility of succumbing to the pressure of the opposition, the party has announced ... Read More

Egypt’s pound depreciates again

January 18, 2013

The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank ... Read More

Libya denies any plans to take over French oil refinery

November 26, 2012

The Libyan Investment Authority (LIA) on Monday flatly denied it is planning to take over Petroplus Petit Couronne, a French oil refinery which is currently ... Read More

Egypt: Bankruptcy evident if situation continues

November 26, 2012

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 ... Read More