Euro repar

Egypt seeks to get $1.5bn loans before 2016

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]

ECOWAS Abuja Summit maintains sanctions against Niger

The 64th extraordinary Summit of Heads of States of the Economic Community of West African States (ECOWAS), held Sunday December 10 in Abuja, Nigeria, maintained sanctions slapped on Niger in the wake of July 26 military coup and demanded the release of detained leader Mohamed Bazoum. Both sides have been embroiled in a tug of […]

Saudi Arabia: Security officials confirm IS masterminded the attack at Shi’ite mosque

Saudi Ministry of Interior announced on Sunday the IS was responsible for the deadly attack on the Shi’ite mosque in the North province of Saudi that killed 21 people and wounded 101 people during Friday prayers. Security officials indicate the suicide bomber Saleh Bin Abdulrahman Al-Qashaami who blew himself was already on the wanted list […]