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Forex: falling euro drags CFA franc down, importing inflation and deepening debt
With the euro having recently declined to less than one US dollar, this development has a direct impact on the CFA franc, which has a fixed exchange rate parity value with the single European currency. The euro’s continued to slide toward the US dollar since 5 July has resulted in a 20-year low, according to […]
Egypt : Constitutional referendum widens political division
Egyptian s will be heading to the polls on Tuesday and Wednesday to decide on the approval of the newly drafted constitution. The outcome of the referendum is crucial in determining the country’s future and religious leaders have urged citizens to participate. However, political parties remain widely divided over the constitution and some have decided […]
Libya to replace Syria as Russia’s Mediterranean hub
Since the ousting of Syrian president Bashar Assad, there has been a surge in Russian air and maritime traffic to Libya, where Moscow seeks a new Mediterranean hub. Flights increased from the Syrian Hmeimim base to Al Khadim’s airbase in the Libyan desert, where Russia was transferring its military equipment, according to data analyzed by […]



