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Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Libya: UN Advisor invites HCS leader Khalid Al-Mishri for meeting with HoR President to discuss elections

UN Advisor for Libya Stephanie Williams has invited the head of the High Council of State (HCS) Khalid al Mishri for a meeting with the President of the House of Representatives (HoR) Aqila Saleh to discuss ways to end ongoing impasse and reach consensus for the organization of elections. Al-Mishri’s media office posted the invitation […]

Alliance of Sahel States launches investment bank with $820 million capital

The Alliance of Sahel States (AES), comprising Mali, Burkina Faso and Niger, has created a regional investment bank with an initial capital of 500 billion CFA francs (about $820 million), aimed at financing infrastructure and development projects across the three countries. The institution, named the Confederation Bank for Investment and Development (BCID-AES), is designed to […]