endeavor

Morocco-GCC Summit Spurs Arab Unity & Action

The participation of King Mohammed VI at the 1st summit meeting held in Riyadh April 20 between Morocco and the rich-oil Gulf Cooperation Council (GCC) countries confirms the status of the North African nation as a regional key player. The summit comes at a time when the Arab world and particularly the six member States […]

Libya’s Central Bank devalues Dinar by 13.3% amid ongoing political divisions

The Central Bank of Libya (CBL) has announced a significant 13.3% devaluation of the Libyan dinar, adjusting the exchange rate to 5.5677 dinars per US dollar, effective from April 6, 2025. This decision marks a shift from the previous rate of 0.1555 to 0.1349 Special Drawing Rights (SDRs) per dinar. The move comes as part […]

US grants Madagascar $20m to address food insecurity

The United States has allocated to Madagascar $20 million to help the African country to tackle food security exacerbated by the ongoing Russia-Ukraine conflict. The financing, the US ambassador Claire A. Pierangelo, notes, is within the framework of the US government’s global response to the impact of the “illegal invasion of Ukraine by Russia. The […]