European Parliament

Malawi granted IMF food-shock funding to mitigate impact of global food shortage

The International Monetary Fund (IMF) has approved financing to cope with rising global food prices for Malawi, the first low-income nation to receive financing from the IMF under a new tool intended to help countries cope with global food price shocks. The number of Malawians facing food insecurity has doubled to 20% of the population […]

Egypt unveils $40.7m fund to invest in cutting carbon emissions projects

The Egyptian government launched a fund for investment in projects issuing carbon certificates with an authorized capital of EGP 1 billion ($40.7 million). The fund, dubbed EgyCOP, will finance Egyptian companies’ projects that reduce carbon emissions through the issuance of globally-accredited certificates from Switzerland’s The Gold Standards Foundation, the Arab country said in a statement. […]

Tunisia nabs senior al Qaeda member

Tunisian Interior ministry Thursday announced the arrest of a prominent member of global terror group al Qaeda preparing terror attacks in the North African country. The ministry did not provide details on the name of the al Qaeda official, the place of his arrest but indicated that the “dangerous terrorist” was planning terror attacks in […]