Bouteflika

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]

Algeria-Morocco: Nothing Works Anymore

Relations between the two Maghreban enemy brothers, Morocco and Algeria, have taken an ugly turn after the Algerian president Abdelaziz Bouteflika called for the establishment of a mechanism to monitor human rights in Western Sahara, a territory whose independence is claimed by the Polisario. The call was immediately denounced by Morocco and to make its […]

Tunisia: 2,000 Youth Stopped From Joining World Conflict Zones this Year

Around 2,000 Tunisians have been stopped from joining terrorist groups in war zones around the world so far this year, the Interior Ministry said on Monday. “In 2016, 1,877 Tunisians were prevented from leaving the country to travel to hot spots,” said Interior Ministry spokesman Yasser Mesbah. Since January, Tunisian security authorities have also busted […]