oil

AfDB helps Egypt improve railway system safety with €145m loan

The African Development Bank, AfDB, will extend Egypt a credit line of €145 million to help the country improve the railway system safety and to increase the network capacity. “The planned upgrades are expected to benefit low-income Egyptians, about 40 percent of the population, who rely on trains as an affordable mode of transport,” the […]

Belgium deems Moroccan Autonomy Initiative a very good basis for mutually acceptable solution to Sahara issue

“Belgium deems the Moroccan Autonomy Initiative, presented in 2007, to be a serious and credible effort by Morocco and a very good basis for a solution accepted by all parties”, Belgian Minister of Foreign Affairs, Bernard Quintin, said during a press briefing following talks, on Wednesday in Rabat, with his Moroccan peer Nasser Bourita. Talks […]

Libyan Investment Authority achieves world’s highest growth rate among sovereign wealth funds in 2025

The Libyan Investment Authority (LIA) has achieved the highest growth rate among global sovereign wealth funds in 2025, according to a report by Global SWF. The LIA recorded an impressive 32% year-on-year growth, earning an overall score of 84% in the Governance, Sustainability, and Resilience (GSR) Scoreboard. This performance places the LIA third among Arab […]