UMA

Egyptian manufacturer to build 1,965 MW plants in UAE

The Egyptian El Sewedy Electric Co. SAE, through its subsidiary Elsewedy Power, has been awarded the construction of two power projects with a combined capacity of 1,965 MW in the United Arab Emirates. The implementation of these projects will be done in collaboration with other world-class energy entities such as Siemens, according to Ecofin News […]

Morocco’s Financial System Shows Resilience Across Banking and Insurance Sectors

Morocco’s financial system continues strengthening its fundamentals, with banking and insurance sectors demonstrating robust performance, according to the Committee for Coordination and Supervision of Systemic Risks following its twenty-second session Tuesday at Bank Al-Maghrib headquarters. The banking sector recorded substantial profitability gains alongside reinforced solvency. Net income on a standalone basis increased 25% year-on-year through […]

African Union’s slavery reparations agenda faces Western resistance ahead of key summit

As the African Union (AU) prepares for its 38th summit in Addis Ababa, a central topic will be a joint push for reparations tied to the transatlantic slave trade and colonialism. African leaders aim to define a “unified vision” for reparations, which includes financial compensation, formal acknowledgment of historical wrongs, and comprehensive policy reforms. The […]