Egyptian veteran diplomat, Ahmed Aboul Gheit, was elected Thursday as the next Secretary General of the Arab League. Ahmed Aboul Gheit was the only contender for the post and was highly expected to win votes of the 22 members of the organization. Egypt traditionally nominates the League’s chief. Even though the election was a vote […]
The Democratic Republic of Congo, DRC, has increased by 300 per cent its defense budget for 2023 to $1 billion in view of “ramping up the power of the armed forces and to revamp military industry”. The defense budget accounts for 10.4 per cent of the total budge put at $14.6 billion. This budget […]
Algeria’s finance Minister, Karim Djoudi, has precised that the country will not be buying shares in foreign companies overseas to increase its foreign exchange reserves. He firmly said that “this choice is not part of our policy of foreign exchange reserve management,” reiterating its strategic choice to invest in government bonds, although with modest yield […]
