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Sahara: UN 4th Committee reaffirms support to UN political process for dispute settlement

The Fourth Committee of the UN General Assembly adopted a resolution reiterating its support to the political process conducted under the exclusive auspices of the United Nations for the settlement of the regional dispute over the Sahara. The resolution, adopted Friday, calls on all parties to cooperate fully with the UN Secretary General and his […]

Egypt’s Investor’s Union desperate about future

A recent report conducted by the Investors Union stated that approximately 1500 factories in Egypt have either closed or are operating at reduced capacity. Production has been falling since the economic crisis began and the number of factories to close will be increasing especially those importing raw materials to be used in local production. The […]

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]