Libya’s central bank governor Naji Issa has submitted his resignation, raising fresh concerns about financial stability amid the country’s political divide.
North Africa
Egypt's annual urban inflation accelerated to 14.9% in July from 14.3% in June, as price pressures persisted despite a monthly decline in food prices.
A drone crashed into an untreated naphtha tank at Libya’s Zawia refinery, causing a leak that staff brought under control, with no fire or casualties.
Algeria's OAIC bought 540,000 to 720,000 metric tons of milling wheat in an international tender, with shipments scheduled from September to October 2026.
Egyptian Gulf Bank reported EGP 2.20 billion in consolidated net profit for the first half of 2026, with net interest income reaching EGP 5.18 billion.
Nasr Company for Civil Works posted an EGP 6 million first-half loss in 2026 despite revenue of EGP 120.1 million, according to a company filing.
Egypt’s net foreign reserves rose to $56.294 billion in July 2026 from $55.072 billion in June, strengthening the country’s foreign currency buffers.
Cairo, July 31.Egypt has increased electricity tariffs for most residential consumers by an average of 12%, while leaving the lowest household consumption bracket unchanged, as…
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