Palestinian FM riyad el maliki

East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

IMF releases $496mln for Morocco under climate-resilience scheme

The International Monetary Fund greenlighted on Tuesday the release of $496 million for Morocco under a Resilience and Sustainability Facility (RSF) to help the north African country address climate challenges. The new funding brings the total disbursement of the IMF under the RSF to about $1.24 billion. The IMF had approved a $1.32 billion loan […]

Serraj appoints three militia leaders to top positions amid friction with Interior Minister

Head of the Libyan Government of National Union (GNA) Faiez Serraj has appointed three leaders of militias as commanders of a new security apparatus amid cold war with Interior Minister Fathi Bashagha who wants to dissolve the armed groups. Sarraj has named Abdelghani Belgassim, known as “Ghiniwa Al-Kikli” as the Head of the “Stability Support […]