North Africa MENA Edition

trade

Morocco's trade deficit widens 8% year/year in January-July

Morocco's trade deficit widened by 8% to MAD118.307billion ($12.37billion) in the first seven months of 2018 compared with the same period last year

grains

Egypt wheat reserves enough for four months, sugar 3.7 months -MENA

Egypt's reserves of wheat are sufficient to meet the country's needs for four months

investment

Orascom Investment incurs loss in H1

Orascom Investment Holding on Wednesday posted it has turned to losses during the first half of 2018.

telecommunications

Telecom Egypt Q2 profits up 4%

In the first half of 2018, the state-owned landline monopoly’s net profit fell 18.2%

libya

Libya court sentences 45 to death over 2011 killings

A further 54 people were sentenced to five years in prison over the killings of at least 20 people, while 22 were acquitted.

oil and gas

Egypt to export gas starting January, says minister

Egypt aims to be a regional hub for the trade of liquefied natural gas (LNG) after a string of major discoveries in recent years

equities

Egypt to offer shares in new cement plant on stock market

The plant has an annual capacity of 13 million tonnes

travel and tourism

Tunisian tourism revival drives economic pickup in second quarter

Growth in Tunisia's economy picked up to 2.8% year on year in the second quarter

commodities

Egypt's ESIIC to tender for 100,000 tonnes of raw sugar instead of 150,000 tonnes

ESIIC had initially said it was seeking 150,000 tonnes of raw sugar in an earlier tender announcement.

Algeria signs gas supply deals with Spain, Italy's Eni -Sonatrach CEO

Algeria has signed a nine-year deal to supply Spain with nine billion cubic metres (bcm) of gas per year