Morocco Takes Set of Measures to Mitigate Effects of Drought on Rural World

Morocco took a number of measures worth over $5 million to help farmers and mitigate the impact of the current drought on the rural world. The measures were announced on the morrow of the meeting King Mohammed VI convened on Thursday with the Head of Government Abdelilah Benkirane and Minister of Agriculture and Fisheries Aziz […]

Libya seeks recovery of $60 Billion Gaddafi-Era investments in U.S. Treasury

The African Energy website reported Monday, December 2 that Libya is seeking to recover over $60 billion in assets secretly invested in U.S. Treasury bonds during Muammar Gaddafi’s regime. The funds, previously unknown, were reportedly funneled through complex networks starting in the 1990s, bypassing strict international sanctions. A delegation led by Mohammed Mansli, Director General […]

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]