North Africa MENA Edition
Latest News
Egypt, China discuss enhancing bilateral tourism relations
Bahgat stressed the importance of the Chinese market as one of the most promising tourism markets
Egypt central bank cuts key interest rates after inflation eases
The bank lowered its deposit rate to 15.75% from 16.75 and its lending rate to 16.75% from 17.75
Egyptian lawmakers back changes that could keep Sisi in power till 2034
485 MPs of the 596-seat assembly voted in favour of the changes
Winners for Egyptian oil and gas exploration round announced
Shell, ExxonMobil, BP, Petronas and IEOC among the firms to secure exploration rights in 12 concessions
Sudanese pound falls to record low on black market
The dollar was selling for 70 Sudanese pounds
UAE's Dana Gas posts $186mln net loss for 2018
The gas producer reported one-off non-cash impairments of $187mln for its Zora field and $59mln for its fields in Egypt
Algeria’s Bouteflika dismisses national police chief
Bouteflika had named Lahbiri to the post in June 2018, replacing Abdelghani Hamel, who had been in the post for eight years and was also fired without reasons provided.
Mideast Stocks: Banks drag Qatar to 3-month low, Saudi gains
Egypt's Arabia Cotton jumps on higher H1 results
Nissan agrees joint venture to build Algerian car assembly plant
The plant is due to start production in the first half of 2020
Libya dreams of mega port in history-laden east
Officials say Libya is now in final talks to award a U.S. firm a $1.5 billion deal to set up a "mega port"
Insights
Egypt: Year in Review 2018
Egypt’s economy maintained a strong rate of growth throughout 2018 on the back of increased gas production
Digital banking gains momentum in Egypt
Egypt’s banking architecture is getting a digital upgrade