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Morocco obtains IMF flexible credit line worth $4.5 bln
The IMF has approved a flexible credit line worth $4.5 billion to help Morocco cushion against external shocks. The two-year arrangement will be treated by Moroccan authorities as precautionary, the IMF said in a statement. “The Moroccan economy has shown a sustained track record of implementing very strong policies and remarkable resilience to recent shocks, […]
New EIB study confirms Africa’s €1 trillion green hydrogen potential
Harnessing Africa’s solar energy to produce 50 million tons of green hydrogen a year by 2035 can help secure global energy supply, create jobs, decarbonize heavy industry, and transform access to clean water and sustainable energy, according to a new report by the European Investment Bank (EIB). Africa could make $1.1 trillion from the sale […]
Kuwait appoints first ambassador to Iran in more than six years
Kuwait has named an ambassador to Iran more than six years after it recalled its top envoy to Tehran in solidarity with Saudi Arabia which had severed ties with the Islamic Republic in 2016. Bader Abdullah Al-Munaikh handed copy of his credentials to Iranian Foreign Minister Hossein Amirabdollahian in Tehran on Saturday, Iran’s foreign ministry […]



