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Sahara: UK Commends Morocco’s Serious Efforts for Reaching Lasting and Peaceful Solution

The UK government has praised Morocco’s serious efforts to advance the UN-led process seeking a lasting and peaceful resolution to the Sahara regional conflict. The supportive stand comes in the Joint Statement issued Tuesday in Rabat following the 4th UK-Morocco Strategic Dialogue co-chaired by Moroccan foreign minister Nasser Bourita and UK Minister for MENA region […]

Red Sea attacks to shrink Africa’s trade volume, worsen its macroeconomic stability — report

Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]

IMF approves $1.2 billion for Egypt following economic review

The International Monetary Fund (IMF) Executive Board completed its fourth review of Egypt’s economic reform program under the Extended Fund Facility (EFF) arrangement, granting the country immediate access to approximately $1.2 billion. The approval, announced on Tuesday March 11, marks a significant step in Egypt’s ongoing efforts to stabilize and reform its economy with the […]