Egypt: Dwindling reserves leading to Pound devaluation

The devaluation of the Egyptian pound seems more and more probable after foreign reserves dropped for the third consecutive month, as shown by the Central Bank data. The foreign reserves have fallen from $20 billion in June to $16 billion in September according to the central bank. The current amount could cover only 3.3 months […]

Libya: GNA-linked forces bring down alleged UAE-made drone

Forces loyal to the UN-backed Government of National Accord (GNA) have announced that they have downed a United Arab Emirates-made drone used by East-based forces led by Khalifa Haftar who has launched an offensive to seize Tripoli. Tripoli’s southern outskirt has been since early April the theater of military confrontation where GNA forces have been […]

Morocco, Maldives look forward to closer ties

Morocco and the Maldives signed four cooperation agreements to foster their ties during a visit to Rabat by Maldives’ foreign minister Abulla Shahid. The two countries signed agreements on visa exemption and cooperation in the religious field as well as diplomatic training. Shahid, who met Morocco’s foreign Minister Nasser Bourita, is paying a first visit […]