Egypt Features Headlines

Egypt: Critical Al Jazeera channel suspends transmission

Al Jazeera Mubashir Misr (Al Jazeera Live Egypt) will be suspending its broadcast in a move that is widely being considered as the mending of ties between Qatar and Egypt. The channel is part of the Qatari owned Al Jazeera network and has been renowned for its heavy criticism against President Sisi and his government. […]

Business Features Finance Headlines Morocco

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]

Business Energy

Egypt’s reserves hit new low

The Central Bank has announced that foreign exchange reserves have reached new levels since the interim government took over in July. This report marks the third consecutive time that the reserves have been depleting. Analysts have claimed that the trend will continue till the end of the year. The country’s reserves dropped from $18,6 billion […]

Asia Headlines International

Emir of Qatar Hands Over Power to Son

The emir of Qatar, Sheikh Hamad bin Khalifa al-Thani, has announced this Tuesday he was stepping down and naming his son, Sheikh Tamim bin Hamad al-Thani, 33, as his successor. During the past weeks, there were some swirling rumors circulating in the media and diplomatic spheres that the 61-year-old emir was preparing to step down […]

Business Finance

Tunisia reveals financial acquisition plans

Huge financial challenges lie ahead according to Finance Minister Slim Besbes with estimations pegged around 7 billion dinars. The country is struggling to stand on its feet and it is hoping to raise the amount through loans and aids. The economy and revenue earning ventures are suffering from the effects of the revolution and the […]