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 […]
Forces aligned with the UN-backed Government of National Accord (GNA) announced Monday the takeover of the Al-Watiya airbase, south of Tripoli, used by Khalifa Haftar’s forces in their push to seize capital Tripoli. Volcano of Rage Operation spokesman Mustafa Al-Majaie said the GNA forces seized all military equipment left by Haftar forces who fled the […]
The United States has commended the adoption by the United Nations General Assembly of the first UN resolution on artificial intelligence (AI), which was initially sponsored by Morocco and the U.S.A. The resolution, co-sponsored by over 120 countries by the day of its adoption, “is a historic step toward establishing clear international norms for AI […]
