Bayt Mal Al-Quds Acharif agency

Egypt: US froze military aid over Cairo’s secret arms deal from North Korea

Washington in August froze $300 million military aid to Cairo after US intelligence intercepted a shipment of 30,000 grenades from North Korea to Egypt under an apparent secret deal violating international sanctions against the rogue state, reports suggest. The Trump administration unexpectedly put halt to the money citing the North African country’s poor human right […]

Guinea pardons ex-military ruler Camara over 2009 stadium massacre amid controversy

Guinea’s rulers have pardoned former military leader Moussa Dadis Camara, who was sentenced to 20 years in prison for his role in the 2009 massacre in Conakry, raising controversy and questions about the country’s commitment to accountability and justice. The pardon, announced by junta leader General Mamadi Doumbouya on national television, was granted on the […]

Will Algeria abandon its investment unfriendly legislation?

Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]