Exxon Mobil

Egypt’s Constitutional Referendum and the Fiscal Troubles Hampering IMF Loan Negotiations

Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]

Essaouira picked to host UNESCO’s 2026 Creative Cities Conference

The Moroccan Atlantic city of Essaouira will host the 2026 Annual Conference of the Creative Cities Network of the UNESCO, becoming thus the first city in Africa and the Arab world to host the Network’s annual conference. The UNESCO said in a press release that this decision to hold the Annual Conference’s 18th session in […]

EU’s Development Aid for Uganda in Question after Anti-Gay Law Passed

As a result of Uganda’s latest discriminatory law against homosexuals, a number of EU countries have expressed their intention to cancel development aid for the country. Despite warnings of the international community, Uganda’s President Yoweri Museveni, gave its ‘yes’ to an anti-gay bill that introduces an “aggravated homosexuality” offence, which is punishable by life imprisonment. […]