According to a report published by the Strategic Defense Intelligence (SDI) market research group, Algeria continues to be leading other countries in the continent’s defense expenditures. Algeria has been known to be a big spender in the defense market and the trend is expected to continue as Terrorism gains attention in the North African region. […]
Thirty five people, including 26 tourists of different nationalities, were rescued Tuesday after their tourist boat capsized in the northern Red Sea, during a cruise to one of the local diving areas. The victims were rescued by workers on another tourist boat sailing nearby, Al-Masry Al-Youm reports. The tourists were transferred to a nearby marina, […]
The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
