Burundi President elect

Iran-US: Obama smooths over critics but threatens to veto any rejection by the US Congress

US President Barack Obama hailed the watershed deal between world powers and Iran and tried to convince critics of the deal but warned to oppose any rejection of the deal looming in the US Congress. In an address to the nation President Obama praised diplomats from all sides in the 18-day talks for their understanding […]

Tunisia: Parliament Approves Anti-Corruption Law

Tunisian parliament Wednesday took a strong stand against corruption and encouraged whistle-blowers to denounce the malpractice, one of the country’s economy challenges. A large majority (145) of the 217 lawmakers approved the bill, encouraging, in article 17, whistleblowers and civil servants to come forward. The law also promises reward to anyone whose action may lead […]

Saudi Arabia shelves plan to take over United Bank of Egypt over disagreement with Cairo

Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]