Saudi Arabia posts $20.8bn budget surplus in Q2

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]

Morocco targets 100,000 Chinese tourists by 2018

Moroccan Minister of tourism, Lahcen Haddad, Friday unveiled a three-year strategic plan aiming to attract 100,000 Chinese tourists by 2018. Morocco is seeking to attract a tiny slice of the 100 million Chinese tourists touring the world every year. According to the Tourism Minister, the figure of 100,000 tourists is indeed tiny but is reasonable […]

CAR: OCHA backs humanitarian aid to displaced populations with $13m

United Nations Office for the Coordination of Humanitarian Affairs (OCHA) has provided a $13 million grant to support humanitarian aid provided to more than seven thousand people internally displaced in the south of Central African Republic (CAR). Mohamed Ag Ayoya, resident coordinator for the Central African country, made the announcement of the financing on World […]