North Africa MENA Edition

bonds

Average yields rise on Egypt's six-month, one-year T-bills

The average yields on Egypt's six-month and one-year treasury bills rose at an auction on Thurs.

global markets

Nigerian officials collect bribes totalling $1.2bln each year

igerians spent equivalent of 39 percent of the combined federal and state education budget in 2016- to bribe officials.

currencies

Egypt's first bitcoin exchange to begin trading this month

Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said.

philanthropy

UAE President directs urgent relief for Sierra Leone

Sheikh Khalifa bin Zayed Al Nahyan has directed the provision of urgent relief to the Republic of Sierra Leone, which has suffered a natural disaster.

bonds

Egypt's central bank to hold auction for 1-year euro-denominated T-bills

The maturity date for the bills is Aug. 21, 2018.

politics

UN Secretary-General appoints former German President as Western Sahara envoy

The new Personal Envoy succeeds Christopher Ross of the United States who completed his assignment on 30th April this year.

morocco

Morocco expects GDP growth to slow to 3.2% in 2018, from 4.8% this year

The forecast is more ambitious than that of Morocco's planning agency, which had said the North African kingdom's economy would grow 2.9% in 2018.

transport

Egypt signs $1.24bln light rail deal with AVIC, China Railway Group- Xinhua

China's AVIC international and China Railway Group will build a 66-km network with 11 stations.

economy

Moody's says South Africa's political tensions constraining growth

Political tensions in the ruling African National Congress (ANC) will weigh on South Africa's growth.

uae

UAE Ambassador, Sudanese Minister of Finance discuss cooperation

Sudanese Minister and the UAE Ambassador reviewed bilateral relations