US expert Ilan BERMAN

Morocco’s Foreign Exchange Reserves Stand at 201.5 Bln Dirhams by July 2017

Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]

Egypt: Import Duties on Luxury Goods Increased to Promote Local Products

A new presidential decree coming into effect this February 1 will increase import duties on luxury goods from 10% to 40% as the government tries to boost its foreign reserves and ensure that they are spent on essential products while hoping to contribute to an increase in demand of local products. Ahmed Shiha, head of […]

Deadly skies: advanced weapons escalate Sudan’s civil war, threaten regional stability

Sudan’s brutal civil war is entering a far deadlier phase, as advanced weaponry — including surface-to-air missile systems and suicide drones — floods the battlefield, raising alarms about civilian air safety and regional destabilization, according to a Washington Post investigation and confidential arms reports. Paramilitary Rapid Support Forces (RSF) now wield SA-7s, a type of […]