arab-eco-fin

Nigeria election: leading presidential candidate Peter Obi still faces many challenges

With elections in Nigeria are just days away, the country’s politics might be on the verge of total upheaval with Peter Obi, a wealthy businessman, leading most election polls and threatening to reshape the established political order. The more established candidates Atiku Abubakar of the Peoples’ Democratic Party, and Bola Tinubu of the All Progressives […]

Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Mali: UN warns of displacement crisis, deepened by al-Qaida and IS-driven insecurity

The United Nations Secretary-General has warned of the worsening security situation in central Mali, deepened by Al-Qaida and Islamic State extremist groups that are driving insecurity. Both extremist groups continue to clash near populated areas in the northern Gao and Menaka regions, the UN chief Antonio Guterres said in a new report to the UN […]