June 5, 2020/IMF Egypt’s Stand-By Arrangement (SBA)—following support under the IMF’s Rapid Financing Facility (RFI)—aims to alleviate the economic impact of the COVID-19 pandemic, helping maintain macroeconomic stability, strengthen the social safety net, and support reforms to spur private-sector-led growth and job creation. · Financing from Egypt’s international partners will […]
Updates
Investors to Receive $37 Million from SEC Settlement with Stiefel Laboratories and Charles Stiefel
June 5, 2020/US SEC The Securities and Exchange Commission today announced that it has obtained final judgments that will require a former privately held dermatology products manufacturer and its former chairman and CEO to pay $37 million for the benefit of shareholders whom they defrauded through share buybacks that were […]
African Energy Chamber Calls for Extension and Compliance with Production Cuts Ahead of Next OPEC Meetings
Along with gradual reopening of global economies, production cuts are pushing prices back to $40/barrel much quicker than initially thought June 5, 2020/AEC As OPEC prepares to host the 179th Meeting of the OPEC Conference and 11th OPEC and non-OPEC Ministerial Meeting via videoconference next week, the African Energy Chamber […]
