Tag Archives: economy

Khartoum, Sudan | AFP |  Sudan’s central bank Sunday announced it will devalue the local currency to 30 Sudanese pounds against the US dollar, the second such move in weeks amid soaring inflation. The new official exchange rate will go into effect on Monday, the central bank said on its …

Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …

Khartoum, Sudan | AFP | Sudanese security agents have arrested the deputy head of the country’s main opposition Umma Party after it held anti-government rallies to protest rising food prices, the party said on Friday. Sporadic demonstrations have hit Khartoum and some other parts of Sudan since early January after …

Addis Ababa, Ethiopia | AFP | Ethiopia has lifted a ban on domestic workers moving overseas after passing a new law to guard against ill-treatment, a government official said Thursday. Africa’s second-most populous country instituted the ban five years ago following reports of abuse, and complaints that employment agencies lured Ethiopians …

Marrakesh, Morocco | AFP | IMF chief Christine Lagarde warned Tuesday that “public dissatisfaction is bubbling up” in the Middle East and North Africa, calling for reforms that “respond faster to the expectations and sometimes to the frustration of the people”. Speaking at a conference in Morocco’s Marrakesh, the head of …

Muscat, Oman | AFP | Qatar signed a memorandum of understanding with Oman on the development of bilateral investment and trade Sunday, nearly eight months into a crisis between the emirate and its Arab neighbours. The Omani news agency ONA said the agreement signed in Muscat covers a wide range …

Rabat, Morocco | AFP | The International Monetary Fund is holding a two-day regional conference from Monday in Morocco with a message of reform amid growing “frustration” among the population of some Arab states. “Rising social tensions and protests in several countries across the Middle East and North Africa are …

Davos, Switzerland | AFP | President Donald Trump on Friday reached out to the global business and political elite in Davos with a sales pitch for the US economy, but provoked boos for attacking the media after waking up to another round of adverse headlines. In a 15-minute speech at …

Washington, United States | AFP | President Donald Trump waded into the uproar over the US currency Thursday, saying he wants to see “a strong dollar,” after comments by his Treasury secretary appeared to signal the opposite and sent the dollar plunging to three-year lows. In comments to CNBC, Trump said …

Davos, Switzerland | AFP | US President Donald Trump on Friday asked the African Union chairman to pass on his “warmest regards” to other regional leaders at a summit this weekend, after sparking outrage with a reported slur against Africans. Trump met Rwandan President Paul Kagame at the World Economic …