Casablanca port

Italy expects no elections in Libya with two rival administrations

Italy’s ambassador to Libya Giuseppe Buccino indicated Tuesday that it is impossible to hold elections in the oil-rich African country whose running is being claimed by two rival administrations. Baccino made the remark during a round table organized by the Luiss University in Rome, Libya Update reports. “The situation on the ground is complex,” the […]

Kuwait extends $2 billion deposit to Egypt through 2025

On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally set to mature in April 2024, the deposit will now mature in April 2025, according to the CBE’s latest external position report. This decision provides Egypt with crucial financial breathing […]

Spanish far-left abandons Polisario after deal with socialists

Spanish socialist PSOE sealed a deal with the far-left Sumar coalition to end the political limbo in the country in a breakthrough agreement that includes abandoning support for the Polisario separatists. Under the outgoing government led by Prime Minister Pedro Sánchez, Spain has backed Morocco’s autonomy plan in the Sahara territory as the “sole” political […]