Egypt : Tourism industry gets another fatal bomb attack

A believed-to-be terrorist actwas carried out on Sunday when a bomb denoted inside or beside a tourist bus in Egypt’s Sinai headed to Israel. It has left at least two South Koreans and the Egyptian driver dead while 24 people were wounded. Reports of the two South Korean deaths were confirmed by the country’s foreign […]

Somalia: scores dead, injured in latest Mogadishu hotel siege by Al-Shabab militants

Sporadic gunfire and explosions rang out Monday (28 November) around a hotel in Somalia’s capital that was attacked by the Al-Shabab group of insurgents a day earlier, reportedly killing at least four people. The Villa Rose Hotel is a popular venue for senior government officials and parliamentarians located a few blocks from the offices of […]

Morocco’s Central Bank Maintains Key Interest Rate Unchanged at 2.25%

Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]