military equipment

Green Finance: $200 Mln Chinese loan for Morocco’s climate resilience

The Asian Infrastructure Investment Bank (AIIB) has approved a $200 million loan to support Morocco’s resilience efforts to mitigate the social and economic impacts of climate change. The loan is part of a co-financing programme with the World Bank, which has already committed $350 million. The funding will enable Morocco cut greenhouse emissions, carry out […]

Fathi Bashagha’s administration approves $20-bn draft budget

The cabinet of Fathi Bashagha; one of Libya’s current two Prime Ministers, has approved a draft budget of nearly 95 billion Libyan dinars ($20 billion) for 2022. “The draft budget for the fiscal year 2022 was presented, discussed, and delivered during a meeting chaired by Prime Minister Fathi Bashagha on Thursday,” Minister of planning and […]

Morocco stands as best industrial alternative to Asia amid Red sea crisis

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]