First Independent Mena Newspaper
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. […]
Reports by Kuwaiti Daily claiming that Egypt’s Field Marshal Abdel-Fattah El-Sisi is going to run for presidency were denied by the military’s spokesman Colonel Ahmed Mohammed Ali. He referred to the report as the Kuwaiti Daily’s own “interpretation”. The original statement of El-Sisi was posted on his official Facebook page. Expected to run for president, […]
Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than 1 percent compared to 2.1 percent in 2012/2013, according to the Egypt’s Central Bank. Deputy CBE governor Ranaia al-Mashat said in his statement that economic activity remained sluggish in the […]
Tunisian authorities are under pressure to reduce the hardship on the population as public protests continue to increase. The government said it is trying to convince the International Monetary Fund (IMF) for half a billion dollar loan in order to take the necessary actions. The looming elections could slow IMF’s decision. Finance Minister Ilyas Fakhfakh […]
The visiting International Monetary Fund (IMF) team to Tunisia has ended its tour of the country with dissatisfaction. The head of the mission Amine Mati said the current situation of the country has forced investors interested in the country to adopt a “wait and see” attitude as the political crisis lingers. IMF is urging Tunisian […]