First Independent Mena Newspaper
Cairo announced that it has reached preliminary deals worth $6.8 billion with Kuwaiti companies for the establishment of petrochemical projects. The initial agreements signed on Sunday involved several companies including Egypt Kuwait Holding Company, Kuwait Gateway Holdings and Boubyan Petrochemical Co. Prime Minister Ibrahim Mahlab represented the government during the signing of Memorandums of Understanding with […]
The International Monetary Fund (IMF) has announced that the Egyptian economy is on the right path in recovering from the shambles of the protests that started in 2011. The implemented structural and monetary reforms are boosting the economy and IMF projected that growth could reach 3,8% in 2014-2015 and rise to up to 5% over […]
The political events that unfolded in Tunisia this week show that the mandate of the next government will be full of challenges and tough decisions. The Prime Minister-designate Habib Essid was forced to postpone the presentation of his cabinet to the parliament for approval because of uncertainty on whether he will be able to get […]
The World Bank Group and Egypt will be discussing means of improving the country’s investment climate and competitiveness in order to boost economic growth. Anabel Gonzalez, Senior Director of the Trade and Competitiveness Global Practice at the World Bank, will be meeting with government officials as well as representatives of the private sector during her […]
President Abdel Fattah al-Sisi has spent 100 days in office marked with daring economic reforms that his predecessors have avoided as politically-risky reforms. The reforms could attract foreign investors who have stayed away from the country due to the political crises that the country has been experiencing. Bryan Carter, lead portfolio manager for emerging debt […]
Despite the situation in Libya, analysts and politicians have defended that the country’s economy will be able to resist to the violence and political crisis for almost 5years. Libya is heavily dependent on oil and most of the goods that it consumes are imported but there are believes that it has enough reserves to keep […]
When Mehdi Jomaa assumed the role of Tunisia’s interim Prime Minister in late January, he did not know how disastrous the true economic condition of his country was. He admitted it roughly a month later during a televised interview by saying that the hole in the budget deficit was about 4 billion dinars (2.5 billion […]
Tunisia’s interim Prime Minister, Mehdi Jomaa, talked about security in North Africa in the aftermath of the Arab Spring which affected all the countries in the region and the struggling Tunisian finances. He is in the U.S to meet President Obama and their discussion would be centering on Tunisia’s transitional period and its walk towards […]
The Tunisian economy has finally begun to recover after having been postponed due to a protracted political crisis, which included both the formation of a new government and the completion of a new constitution. The governor of the Central Bank of Tunisia, Chedly Ayari, said in his statements for media that the political reform made […]
In a move to restore its economy after the 2011 uprising, Tunisia plans to issue for the first time an Islamic bond or sukuk worth 700m dinars ($435.85m) with the guarantee of the Islamic Development Bank and $1.8bn in new foreign bonds this year; $880m guaranteed by the United States and $1bn guaranteed by Japan. […]