New Uruguayan president Luis Alberto Lacalle Pou

Morocco’s Central Bank cuts key interest rate to stabilize prices & support economic activity

Morocco’s central bank has decided to lower key rate by 25 bps to 2.25 % to ensure price stability and support the country’s economic activity with the anticipated inflation evolution. The decision was made by the Board of Bank Al-Maghrib during its meeting held Tuesday in Rabat of 2025. The Bank experts decided to cut […]

Russia poised to open embassy in Burkina Faso by year-end as Moscow deepens footprints in Africa

Vsevolod Tkachenko, Director of the Africa Department of the Russian Foreign Ministry, announced Tuesday December 12 the opening of the Russian embassy in Burkina Faso by end of December 2023, with several other missions to be opened in other Africa countries. “We expect that technically we will be able to open an embassy in Burkina […]

UAE: DMCC picks Belhasa Six Construct for 78-storey skyscraper building

Dubai free zone operator DMCC announced Sunday it awarded the contract for the construction of 78-storey ‘Uptown Tower’ in uptown Dubai district to Belhasa Six Construct, an entity of BESIX, reports say. “Awarding Six Construct the contract to construct Uptown Tower is an important step in bringing the much-anticipated Uptown Dubai district to life. The […]