The United Nations has sounded the alarm over what it calls an “unfolding catastrophe” in El Fasher, North Darfur, following the city’s capture by the Rapid Support Forces (RSF). The UN Office for the Coordination of Humanitarian Affairs (OCHA) reported on Tuesday, October 28 that health services have collapsed entirely, while food and water supplies […]
Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]
Egypt’s House of Representatives approved on Monday, December 2, a Memorandum of understanding (MOU) with the European Union, securing a €1 billion financial support mechanism aimed at stabilizing the Egyptian economy and bolstering the national budget, according to the Ministry of Planning, Economic Development, and International Cooperation. This funding is part of a broader €7.4 […]
