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Morocco Hosts Africa-China High Level Business Forum

Marrakech is hosting the second China-Africa Investment Forum (CAIF) which opened on Monday with the participation of some 500 high-level Chinese and African business leaders. The event aims to facilitate business meetings between the main stakeholders of trade and investment between China and African countries in order to foster sustainable partnerships with high added value, […]

Libya: Lufthansa Suspends Flights for Second Time

Germany’s Lufthansa and its subsidiary Austrian Airlines have halted flights to Tripoli due to insecurity in Libya, a spokeswoman said on Tuesday. The decision came as a preventive move to avoid any eventual attack from armed men who have declared European interests, companies and citizens as “enemies.” The company started operations in Libya barely a year ago after […]

IMF gives go-ahead for $8 billion loan to Egypt

The IMF agreed to offer Egypt a loan worth 8 billion dollars under an Extended Fund Facility to support the country’s economic stability. Following its review, the IMF noted that Egypt’s recovery was slowed by rising global inflation, foreign exchange shortages, and elevated debt levels. Egypt is also struggling with new challenges such as the […]