UN Director General Audrey Azoulay in Beirut Aug 2020

EAC nations to bolster their economies with bigger budgets for 2023/2024

East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]

Egypt: ITFC earmarks $1.1bn for energy, internal trade funding in 2020

The International Islamic Trade Finance Corporation, IFTC, has allocated to Egypt $1.1 billion destined to fund the energy sector and internal trade in 2020, Egypt Today reports. Minister of Trade and Industry Nevine Gamea who made the announcement said $700 million of the funding will go to the energy sector, and $400 million to internal […]

EU underlines need to preserve freedom of movement, cross-border trade in Guerguarat

The European Union (EU) on Sunday underlined the need to preserve the freedom of movement and cross-border trade in the area of Guerguarat, stressing the paramount importance of ensuring compliance with the Sahara ceasefire agreements. The EU’s position was expressed by High Representative for Foreign Affairs and Security Policy, Josep Borrell, during talks with the […]