libya

US Senator Calls for Sanctions on Algeria’s Purchase of Russian Weapons

U.S. Senator Marco Rubio, Vice-President of the Senate Select Committee on Intelligence, has called for sanctions on Algeria for its purchase of Russian weapons, in violation of the “Countering America’s Adversaries Through Sanction Act” and expressed great concern with regard to the ongoing defense procurement between Algeria and Russia. This came in a letter that […]

EU Disburses €1bn Second-Phase Macro-Financial Support to Egypt Following Reforms

Egypt has received €1 billion in concessional development financing from the European Union, marking the first tranche of the second phase of the EU’s macro-financial assistance (MFA), announced on Thursday by Minister of International Cooperation, Rania Al-Mashat. The disbursement follows the implementation of 16 economic and structural reforms aimed at strengthening macroeconomic stability, improving public […]

OCP plans international bond worth up to $2 bln to fund development plan

Morocco’s phosphates and fertilizers giant, OCP, plans a bond issue ranging between $1.5 billion and $2 billion as it launched major investments in renewable energies, desalination, green hydrogen, and ammonia. The news, relayed by Medias24 and major news agencies, marks the first bond by OCP since it announced an ambitious growth strategy of about $12 […]