US unveils new multinational naval protection force to stop Houthi attacks in Red Sea

The United States and a host of other nations are creating a new global security force ‘Operation Prosperity Guardian’ to help protect and defend ships transiting the Red Sea that have come under attack by drones and ballistic missiles fired by Iranian-backed Houthi rebels in Yemen, US Defense Secretary Lloyd Austin announced Tuesday (19 December) […]

EIB plans greater involvement in financing development projects in Morocco

The European Investment Bank (EIB) is seeking to deepen its involvement in financing key development initiatives in Morocco, aligned with the country’s economic and social priorities. The remarks were made by EIB Vice-President Ioannis Tsakiris on Thursday in Rabat during talks with Minister of Economy and Finance Nadia Fettah. The EIB official reiterated the Bank’s […]

Egypt’s Suez canal generates revenues of $6.24 billion

Egypt gained $6.24 billion in revenues from the Suez canal, that is a 5.14% rise compared to last year. The Egyptian government set the target of doubling that figure to $13 billion by 2023 as it sees growth against the backdrop of improved security conditions and improved trade between Europe and Asia. The canal is […]