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Business Features Finance

World Bank and North Africa: 2013 in Review

North Africa Post

In fiscal year 2013, the World Bank (WB) has supported 16 projects worth 2.1 billion USD, out of which 1.8 billion USD came from the International Bank for Reconstruction and Development (IBRD) and 249 million USD from the International Development Agency (IDA). 56.4 million USD were committed separately for the West Bank and Gaza. On […]
Europe Headlines International Libya

Sarkozy in custody for getting illicit campaign funds from Gaddafi

North Africa Post

Former French President Nicolas Sarkozy has been held for interrogation for allegedly getting illicit funds from ousted Gaddafi’s regime for his 2007 successful presidential bid. He was summoned for questioning at a police station in Nanterre, north-west Paris, on Tuesday, several European media reported. The former President is suspected of getting illicit funds from former […]
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Washington Cancels Military Drills amidst Mounting Criticism of U.S. Stand on Egypt

North Africa Post

While more and more voices, including those of Congressmen and editorialists, are criticizing the Obama Administration’s stand on the crisis in Egypt and denouncing as incoherent its foreign policy, President Barack Obama announced that the United States is cancelling its biennial joint military exercise with Egypt, initially scheduled for September. “While we want to sustain […]