King Salman receiving message from King Mohammed VI

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 […]

Madagascar to launch first urban train on August 15

Madagascar’s Ministry of Transport and Metrology will launch on August 15 in capital Antananarivo the country’s first urban train to be powered by electricity, local media Madagascar Tribune reports. The train will connect Soarano and Amaronakona stations, a distance of 12 km. The new train will help commute within the capital. 2 million people commute […]

Germany to extradite former President of Raja Casablanca Club to Morocco

Hamburg’s supreme court has agreed to extradite Mohamed Boudrika, former president of Raja Casablanca football club, who is wanted in Morocco on charges including embezzlement and fraud. Boudrika was arrested last July in Hamburg following an arrest warrant filed by Morocco. He will face trial in Morocco for financial crime accusations. A court in Casablanca […]