From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on Friday, with hopes high he will revamp a monetary policy that has undermined investment and growth.
- Thursday, 26 November 2015 12:00
Commodities trader Glencore said on Thursday it recognises Libya's Tripoli-based National Oil Corp. (NOC) as the sole legal marketer of the country's oil, after securing an export deal earlier this year with the state-run company.
- Thursday, 26 November 2015 11:24
- Marc Jones
Emerging markets face another wave of ratings downgrades next year, with Brazil at risk of a cut to junk and the Africa/Middle East region potentially given a 'negative outlook', Fitch Ratings' top sovereign analyst said in an interview.
- Monday, 23 November 2015 14:38
- Desmond Kokim
The United Nations has refused to make changes to a previously negotiated agreement for a unity government in Libya, despite complaints from both parties.
- Monday, 23 November 2015 12:12
- Georgina Prodhan and Asma Alsharif
Egypt has secured a first tranche of financing for an 8-billion-euro ($8.5 billion) plan for power plants to be built by Siemens, the company and electricity ministry said.