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Economy
World Bank pandemic bond under pressure as coronavirus spreads
A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost half its value as the coronavirus outbreak in China has fanned fears that investors could face hefty losses.…
Lebanon issues RFPs to seven firms to provide advice on Eurobonds
Lebanon has issued requests for proposals to seven firms to provide financial advice including on options regarding its 2020 Eurobond maturities.
Source: Reuters
Jordan annual inflation is 1.68% in January
Data from the Jordanian Department of Statistics showed on Tuesday that annual inflation rose in January to 1.68 percent compared to 0.57 percent in December, as inflation slowed to 0.05 percent from 0.28 percent, compared with the previous…
Turkish lira weakest since May
The Turkish lira fell 0.3 percent against the dollar on Tuesday to its weakest level in regular trading since last May, ahead of an imminent decision by the central bank on monetary policy.
The Egyptian Suez Canal Authority denies that navigation is affected by Corona virus
The Egyptian government denied reports that the navigation traffic in the Suez Canal was affected by the spread of the Corona virus in China, after the spread of many false news on social media, explaining that the navigation traffic in the…
Egypt to conduct talks with the IMF for technical assistance
The Governor of the Central Bank of Egypt said on Tuesday that Egypt is in talks with the International Monetary Fund regarding technical assistance regarding structural reforms, adding that the priority is for economic growth.
Bahrain is committed to supporting an additional cut in oil production
Bahrain’s Oil Minister Sheikh Mohammed bin Khalifa Al Khalifa said in a statement on Monday that his country is committed to supporting an additional oil production reduction of 600,000 barrels per day recommended by the Joint Technical…
Central Bank of Libya: oil revenues fell to zero in January due to the closure of main ports
The Central Bank of Libya said on Monday that oil revenues fell to zero in January after Libyan National Army forces led by Khalifa closed Haftar, the country's main oil ports.
A subsidiary of the Libyan Oil Corporation stopped refining due to a shortage of crude
The Libyan Az Zawiya Company of the National Oil Corporation said on Sunday that it was forced to stop refining operations due to a lack of supplies and stocks of crude.
The company said in a statement that it “announces that it has had…
Tunisian central bank keeps interest at 7.75%
The Tunisian Central Bank said it kept the main interest rate unchanged at 7.75 percent on Thursday, after raising interest rates to that level from 6.75 percent in February with the aim of containing high inflation.