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AfDB to provide $350m to Egypt before end of 2023

Abdourahmane Diaw, the African Development Bank (AfDB) country manager for Egypt, has revealed the Abidjan-based lender will provide the North African country with $350 million in financing for public and private development projects before the end of 2023. The financing will go to the private sector via credit lines to loaning companies and bank and […]

Ceuta and Melilla’s IS Fighters exceed 200

By the end of 2016, 204 Jihadists left the Spanish-occupied cities of Ceuta and Melilla in northern Morocco to join the ranks of the Islamic State (Daesh) in Irak and Syria, warns a report of the Spanish intelligence services. Relayed by the Moroccan media, the report dealing with the issue of foreign fighters from the […]

Egypt’s poverty rate falls by 29 per cent, first ever in two decades

Egypt’s poverty rate has shrunk by 29.7 per cent for the first time in two decades. The fall was revealed by the Central Agency for Public Mobilization and Statistics (CAPMAS) based on fiscal year 2019/2020, Arab Finance reports. Poverty line in Egypt, according to the agency, is defined as anyone with a monthly income of […]