Taïeb Baccouche, Secretary General of the Arab Maghreb Union (UMA) commended on Wednesday the strong commitment of King Mohammed VI to advancing this regional bloc, stressing the need to speed up the integration of the region and the opening of borders between Maghreb countries. The royal initiatives pave the way to the countries of the […]
Amid a rapid population growth, Africa will count six cities with over 10 million people by 2035, the Economist Intelligence Unit said. With the continent’s population boom, Angola’s capital, Luanda, and Tanzania’s commercial hub, Dar es Salaam, will join the metropolises of Cairo, Kinshasa, Lagos and Greater Johannesburg, it said. Paid urbanization is also triggering […]
Egypt’s Central Bank proclaimed their foreign reserves reaching the “critical” levels after it had sold about 75 million USD in its first private auction to banks, Bloomberg reports. Egypt’s foreign reserves are well below the levels prior to 2011 uprising against former President Mubarak, when the Central Bank commenced to support the Egyptian pound by […]
