Morocco to Give Fresh Impetus to Peace, Stability Efforts in Africa- Ivorian President Says

The return of Morocco to the African Union enables the kingdom to play a key role in promoting peace and stability efforts at the sub-regional and continental levels, said Côte d’Ivoire’s President Alassane Ouattara. President Ouattara was quoted in a joint statement issued following the visit King Mohammed VI paid to Abidjan (February 24-27) as […]

Algiers, world’s 4th cheapest city

A survey done by the Economist Intelligence Unit, a financial agency has been made public and Algeria has been classified as part of the 10 cheapest countries in the world. The survey which took into consideration a total of 131 cities from all the continents of the world was aimed at determining cities where the […]

Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]