Egypt signed a deal with the International Monetary Fund for a loan package worth $8 billion, up from an original $3 billion, government and IMF officials said Wednesday, according to news agencies. The agreement came hours after Egypt’s central bank hiked interest rates by 600 basis points and announced it was floating the Egyptian pound.
The currency fell to a record low of 50 pounds to the US dollar, down from an average of 30.9 to the dollar at the previously stabilized official exchange rate.
Morocco's Economy and Finance Minister, Nadia Fettah Alaoui, announced on Thursday that the country's economy is
According to reporting by Reuters unofficial Libyan banknotes have been exchanged for real dollars and have subsequently contributed to the
Egypt has announced a 15-percent increase in petrol prices, which will come into effect on Friday, as part of a
Egyptian officials convened on Tuesday to discuss the nation’s detention policies, according to human rights lawyers and groups cited
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