Morocco/Earthquake: EBRD earmarks €250 Mln for reconstruction

The European Bank for Reconstruction and Development (EBRD) announced Wednesday a €250 million funding for Morocco to help the country to rebuild its economy in the regions of the Atlas Mountains that were hit by the recent earthquake. The Bank says the financial assistance is an initial response package spanning over three years (2023-2025). The […]

The Shift to a Multi-polar Global Economy: Are We Prepared to Handle It?

The National Intelligence Council’s (NIC) report ‘Global Trends 2030: Alternative Worlds’ has outlined three global trajectories, or development in the interactions among world’s states, during the next 15-20 years. Under the ‘Reverse Engines’ scenario, mercantilism and protectionism could lead economic globalization to go into reverse, constraining technological breakthroughs required to manage scarce global resources. The […]

Egypt ready for regional confrontation as Ethiopia resumes filling of Renaissance dam

The Egyptian military says it is ready to face regional challenges as Ethiopia resumes filling the Renaissance dam considered a threat by the Arab Republic. “It is not wise, in light of our capabilities and high deterrence power, to test the reaction of the Egyptian Armed Forces,” Gharib Abdel Hafez, a spokesman of the army […]