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Modest Rebound Continues in MENA, New Sources of Growth & Job Creation Needed

A new World Bank report forecasts growth in the Middle East and North Africa (MENA) to reach 2.8% by 2020, but calls for a regional push toward a new digital economy that would generate higher levels of growth. Growth in the MENA region is projected to rebound to an average of 2% in 2018, up […]

Libya: Central Bank takes loan, budget not voted

Spokesman Omar Hmeidan of the General National Congress has said that Libya will be taking a 2,55 billion Libyan dinar emergency loan to finance the functioning  of the government after lack of income.  Libya’s main source of income is oil and gas but the rebels have laid siege on several oil ports and fields thereby […]

Ukraine Crisis: Russian Invasion Draws Worldwide Condemnation

Russian President Vladimir Putin ordered the start of a large-scale attack on Ukraine at dawn on Thursday (24 February) with explosions reported in the cities of Kyiv, Kharkiv, Dnipro, and Mariupol across the country. European Union and NATO leaders immediately condemned the invasion, with European Commission president Ursula von der Leyen calling on Russia to […]