Strait_of_Gibraltar

Egypt: New government says no to taxation

Egypt’s Minister of Finance, Dr. Ahmed Galal, has declared that the government will increase its spending or at least maintain it without increasing taxes or imposing new ones. He claimed the government has “multiple resources” to support its budget. Morsi’s government tried to reduce public spending as requirements for a loan from the International Monetary […]

World Bank: $350 Mln loan to support blue economy

The World Bank has agreed to provide Morocco a $350 million loan to support its Blue Economy program which will help create job opportunities, support economic growth and enhance food security. Morocco’s Blue Economy program aims to improve the integrated management of natural resources, and strengthen selected sectors for a climate-resilient blue economy in targeted […]

Israel’s FM unreciprocated optimism after meeting with Libyan peer

Speculations about an upcoming normalization of ties between war-torn and de facto divided Libya and Israel came to the fore following news of a meeting between the foreign ministers of the two countries, an incident that was described as historic in Israel but led to the sanctioning of Libya’s foreign minister by her government. The […]