Category: North Africa
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Libya: UN Envoy Calls for Immediate Cessation of Hostilities in Oil Crescent Area
Expressing grave concerns over recent fighting in Libya’s Oil Crescent area, Special Representative of the United Nations Secretary-General for the country and the head of the UN Support Mission in Libya (UNSMIL) Martin Kobler called on military forces that moved into the area to immediately stop fighting and refrain from any further military escalation. “I…
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Egypt’s Wheat Policy Has ‘No Major Impact’ On Russian Exports – News Outlet
Egypt’s rejection of several shipments of wheat after readopting zero ergot tolerance has “no major impact” on Russian wheat exports, the Russian agriculture ministry said on Wednesday according to Interfax news outlet. Egypt’s agriculture minister reinstated the zero ergot policy late August, thereby reversing an earlier decree that had allowed for 0.05 per cent, a…
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Egypt Expects to Sign Agreements With European Investment Bank Worth Euro 575M
Egypt is expecting to sign agreements with the European Investment Bank worth EUR575 million in the second half of October, Ministry of International Cooperation said on Sunday. The bank’s deputy head is set to visit Egypt in the second half of October, according to a statement by the ministry citing the EIB’s Director of Operations…
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Malawi: Government Commends Egypt for Investing in Malawi
Government has praised the Arab Republic of Egypt for its continued investment in the people of Malawi. Health Minister, Dr. Peter Kumpalume said Egypt despite not being the richest nation, they have made tremendous investment in skills development in Malawi in many sectors of the economy including health. Speaking in Lilongwe on Thursday, when the…
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Algeria Withstands Continues Reforms Despite Oil Market Collapse
The worldwide drop in oil prices doesn’t seem to hinder the momentum of reforms in Algeria which “withstands” to this external crisis and continues its socio-economic reforms. Prime Minister Abdelmalek Sellal reiterated, in Saida, that the country remains resilient to the collapse of the oil prices which has however halved its oil taxation. “Despite the…
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Algeria: Medicines Imports Rise By 10 Percent in Seven Months
Pharmaceutical imports rose by 10% in the first seven months of 2016 compared with the same period in 2015, despite a slight drop in the imported quantities, the Algerian Customs told APS. The value of imports reached US$1.14 billion between January and July 2016, against US$1.03 billion during the same period of reference in 2015,…
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Egypt’s House of Representatives Approves 13 Percent Vat Rate
Egypt’s House of Representatives approved on Sunday the rate of the Value-added tax (VAT) to be set at 13 per cent. The VAT rate raised controversy between the House members with a number of MPs calling for the rate to be as low as 10 per cent. The Finance Minister Amr al-Garhy however argued that…
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Egypt: More Egyptians Migrate for Work Abroad in 2015
The amount of Egyptians receiving permits from the ministry of interior to travel abroad for work has increased by 0.9 per cent in 2015 compared to 2014, official statistics showed on Tuesday. According to the Central Agency for Public Mobilization and Statistics (CAPMAS) statement, approximately 1.33 million Egyptians received work permits in 2015, compared to…
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Algeria: Car Imports Drop By 68 Percent in First Seven Months of 2016
The car imports bill decreased to USD 768 million during the first seven months of 2016 against USD 2.4 billion during the same period in 2015, i.e. a drop by USD 1.63 billion (-68%), Customs told APS. As for imported quantities, they decreased by 73.74% with 53,356 imported cars between early January and late July…
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Egypt Buys 180,000 Tonnes of Russian Wheat
Egypt’s General Authority for Supply Commodities said on Friday that it bought 180,000 tonnes of Russian wheat in a tender. Reuters quoted deputy chairman GASC Ahmed Youssef as saying that the wheat was purchased at an average price of $185.52 per tonne including cost and freight. GASC received seven offers from suppliers for its wheat…