News North Africa

Wed,05Aug2015

North Africa

Egypt: Business activity falls in July as production drops

Photo©ReutersBusiness activity in Egypt's private sector, excluding oil, shrank in July, with modest declines in output, new orders, and employment, a survey showed on Tuesday.

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Tunisian firms prepare to issue Islamic bonds

File photo©ReutersTunisian firms are preparing to issue Islamic bonds as the government finalises rules covering the sector, creating a new funding option for companies in an economy buffeted by labour unrest and militant attacks.

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Egypt to get floating LNG terminal from Norway's BW Gas

File photo©ReutersNorway-based BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract.

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Aviation: Private Tunisian airline Syphax suspends operations

Photo©FlySyphax.comTunisia's Syphax has temporarily halted all flights, it said, citing a decision by the International Air Transport Association (IATA) to suspend all activity with the airline.

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A new canal for a new Egyptian economy

Completed in just a year, Al-Sisi’s grand projet is a publicity coup for Egypt. Photo©Pan Chaoyue/Xinhua/CorbisThe deeper, wider Suez Canal that will open on 6 August is the basis for a new special economic zone that could one day represent a third of the country's economy.

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African Development Bank: New leadership, same direction

Adesina, the bow-tied bureaucrat who’s tough on wealth inequality. Photos©Renaud Vandermeeren / Vincent Fournier for JAThe Bank chose Akinwumi Adesina as its new president in May. The Nigerian says his priorities are infrastructure, private-sector lending and inclusive growth.

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