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Germany Supports Morocco’s Development with €450 Mln Funding

Morocco has secured €450 million funding from German Development Bank (KfW) under three agreements inked Tuesday in Rabat by Minister Delegate in charge of the Budget Fouzi Lekjaa and Director of the German Bank for North Africa Daniela Beckmann. KfW is providing Morocco €100 million to enhance the Kingdom’s resilience to climate change and supporting […]

Al-Sisi asks Europeans to leave Egypt alone in reference to criticism on executions

Egypt’s President Fattah al-Sisi Monday chided criticism over a series of executions in the North African country as he asked European countries not “to impose their views”. Egypt has found itself targets of critics from European countries after authorities hanged last week nine members of the outlawed Muslim Brotherhood, convicted for involvement in the killing […]

Libyan Oil Revenues Increase to $14 bln in 2017

Libya managed to reduce its budget deficit in 2017 thanks to a sharp rise in oil revenues totaling $14 billion, the Libyan Central Bank said. The exponential increase in oil revenues up from $4.8 billion in 2016 is still much below the $50 billion registered in Libya before the fall of Gaddafi’s rule. The Central […]