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Egypt: Court Nullifies Transfer of Islands to KSA, Government to Hit back

Egypt’s Highest Administrative Court Tuesday ruled as “unconstitutional” the Government’s April decision to transfer two Red Sea Islands to Saudi Arabia and the cabinet announced that it would appeal the decision. The court indicated that the decision was illegal and violated the Egyptian constitution, ordering that the islands of Tiran and Sanafir should remain part […]

Morocco’s Central Bank keeps rates unchanged amid persisting inflation

Morocco’s Central Bank has decided to keep its key interest rates unchanged at 3 pc due to persistent inflation fueled by soaring food prices and the war in Ukraine which continues to affect global economy. The decision was made Tuesday by the Board of Bank Al Maghrib during its second quarterly meeting held to discuss […]

Turkey seeks to tap into Niger’s mining potential

Turkey is diversifying its African partners, moving from east Africa to the Sahel and Niger in particular where Ankara sees mining opportunities. In this respect, Turkey signed a deal to cooperate in the mining sector in the covered uranium-rich but unstable Sahel country. Turkey and Niger signed a provisional pact to boost cooperation in mining, […]