Algeria plane crash

Militia group seizes power in Libya, cancels Dec. 24 elections

A powerful militia group in the Libyan capital Tripoli seized power on Wednesday night and cancelled the scheduled Dec. 24 elections, reports say. Forces belonging to Al-Samud brigade have taken control of the headquarters of the ministry of defense and the Presidential Council (PC), Tunisie Numerique reports citing local TV Al Ghad. “Presidential elections will […]

Casablanca stock exchange nears historic record following benchmark rate cut

Casablanca Stock Exchange approached its highest historical level, buoyed by the unexpected announcement from Bank Al-Maghrib to lower its key interest rate to 2.25%. The MASI, the benchmark index, closed up 2.10% at 17,193 points, touching its all-time high. The volume of transactions on the central market reached 1.1 billion dirhams. Attijariwafa Bank led the […]

Egypt: Tourism revenues on the rise thanks to arrivals from Eastern Europe, Gulf countries

Egypt is targeting between $6 billion and $9 billion in tourism revenues in 2021 as the country reports a rise in arrivals of Eastern European and Gulf holidaymakers, Bloomberg reports quoting tourism minister Khaled El Anany. Late last month, Deputy Minister Ghada Shalaby said Egypt is expecting to generate between $6 billion and $7 billion […]