With Gaza entering its fourth month of a serious energy crisis, the United Nations on Thursday released a further $2.5 million from a pooled humanitarian fund to cover urgent needs in the Palestinian enclave, a UN press release said. The disbursement from the Humanitarian Fund for the occupied Palestinian Territory will bolster the UN’s emergency […]
Egyptian veteran diplomat, Ahmed Aboul Gheit, was elected Thursday as the next Secretary General of the Arab League. Ahmed Aboul Gheit was the only contender for the post and was highly expected to win votes of the 22 members of the organization. Egypt traditionally nominates the League’s chief. Even though the election was a vote […]
Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]
