Sudan greenlights plan for first Russian naval base in Africa

Sudan has confirmed that plans for Russia to establish its first naval base in Africa, on the Red Sea coast, will move forward, signaling a significant shift in the region’s geo-strategic balance. The announcement came after Sudanese foreign minister Ali Youssef Ahmed al-Sharif met with Russian counterpart Sergei Lavrov in Moscow on 12 February. The […]

Humania to invest over $100 Mln in medical care in Morocco & Egypt

Humania, a private healthcare company, has secured a $108.5 million funding from international financial institutions to launch medical care projects in Morocco and Egypt. The International Finance Corporation (IFC) contributes $45 million to this project, while $ 63.5 million were mobilized from other investors, including $43.5 million from the Danish Investment Fund for Developing countries […]

IATA cuts 2025 profit forecasts amid economic headwinds

The International Air Transport Association (IATA) downgraded its 2025 projections Monday, forecasting fewer than five billion air trips this year compared to the previously anticipated 5.22 billion, as the aviation sector faces mounting economic uncertainties. During IATA’s annual general assembly in New Delhi, the organization revised industry profit expectations to $36 billion, down $600 million […]