Italy migration summit aims to help Africa reduce migrant flows to Europe

Mediterranean and Middle East countries are meeting in Rome on Sunday (23 July) in an international conference organized by the Italian government to boost efforts to stem illegal migration flows. The meeting is to discuss development projects in the Southern Mediterranean and North Africa and partnerships for projects in sectors including agriculture, infrastructure and health, […]

UAE Backs Morocco’s Autonomy Plan for Western Sahara

The United Arab Emirates has backed Morocco’s plan to grant autonomy status to Western Sahara in a bid to resolve the decades-old territorial regional and artificial conflict which is undermining the Maghreb union. In a joint communiqué released after talks held between UAE foreign minister Sheikh Abdullah Bin Zayed Al Nahyan and his Moroccan peer […]

Forex: falling euro drags CFA franc down, importing inflation and deepening debt

With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]