Guerguerat-3

Egypt wavering over depreciation or depleting reserves

“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]

Coronavirus: Morocco’s air improves, accidents drop during lockdown

The confinement imposed to curb coronavirus infections have led to a drop in air pollution and car accidents across the country, authorities said. Morocco started a lockdown on March 20 that was extended to May 20 limiting movement to necessities with only one member in every household allowed to shop. Working from home has been […]

Fathi Bashagha denies penning The Times piece critical of Russia

Fathi Bashagha, one of Libya’s Prime Ministers, has denied being the author of an article in British media The Times in which he offers to the United Kingdom (UK) his partnership to curb Russia’s influence in the oil-rich African country. In the article titled ‘Libya wants to stand with Britain against Russian aggression’ Bashagha was […]