First Independent Mena Newspaper
The Central Bank of Libya, CBL, held Monday for the first time a full board meeting since 2014 after which the bank was split into two. The bank, Libya Observer reports, held a full-quorum meeting for the first time in six years to discuss fixing exchange rates of the Libyan dinar to foreign currencies. The […]
It was not a joyful day at the Egyptian Exchange just like any other day since the beginning of the week. Tuesday was among the worst as losses continue to increase with the Egyptian Exchange (EGX) 30 benchmark index dropping by 1.95% to reach 5,129 points at the end of the session compared to 5,231 […]
The governments of Tunis and Algiers have urged businessmen to capitalize on the investment opportunities given to them in a bilateral cooperation between two countries in order to promote trade and development. Both parties showed their willingness to promote dialogue in their relations and agreed on the elaboration of a roadmap for the development of […]
For the first time in 27 years, the New York stock exchange market closed due to extreme weather conditions. During these last few days the proximity of Hurricane Sandy to this economical center of the US has been known. Many roads were blocked and thousands of residents were told to evacuate. But the decision to […]
Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]