Egypt to pay $627m in export arrears from August
Egypt’s Ministry of Finance will begin disbursing half of overdue export payments starting 7 August, Egypt Today reports. The
Algerian President Abdelmadjid Tebboune dismissed Finance Minister Laaziz Faid and Industry Minister Fouad Hajji on Sunday without explanation, state media reported. Abdelkrim Bou El Zerd was appointed as finance minister, while Wassim Kouidri took over the newly independent Ministry of Industry and Pharmaceutical Production. The reshuffle comes as Algeria grapples with economic challenges, including inflation, declining energy revenues, and the need for structural reforms.
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