sevastopol-tartus

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]

Burkina Faso re-establishes ties with North Korea, purchase of military equipment in sight

Olivia Roumba, Burkina Faso’s top diplomat announced Wednesday the resumption of diplomat ties with North Korea as Ouagadougou seeks Pyongyang’s military support in order to address insecurity at home caused by terrorist groups. “This resumption of diplomatic relations with North Korea will enable this East Asian country and Burkina Faso to maintain exemplary bilateral cooperation […]

Youth Day: King Mohammed VI pardons over 700 convicted individuals

On the occasion of Youth Day, celebrated this Wednesday August 21 in Morocco, King Mohammed VI has granted pardon to 708 individuals convicted by various courts of the Kingdom, the Ministry of Justice announced in a statement. The Ministry of Justice, which unveiled the list of the beneficiaries of the royal pardon, said these include […]