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EBRD Supports Egypt International Trade With $50 Mln Loan

The European Bank for Reconstruction and Development (EBRD) has lent the National bank of Egypt (NBE) US$ 50 million to help and encourage Egyptian companies engage more in international trade operations. This trade credit line is the second part of a US $ 100 million facility, the first part of which comprised a US$ 50 […]

African teachers, medics suffer wage cuts due to debt servicing

Severe austerity measures imposed by international financial institutions on some of the poorest African countries led to public spending cuts, which affected the wages of teachers and health workers in particular, ActionAid said. Teachers across Africa are bearing the brunt of austerity, losing up to 50% of their real income over five years, while nearly […]

Gulf Crisis: Riyadh Pushes for Shut Down of Union of Muslim Scholars’ Tunis Office

  Saudi Arabia has requested Tunisia to close the Tunis office of the Qatar-created Union of Muslim Scholars, which has been added to the anti-Doha quartet’s terror list. Riyadh instructed a visiting delegation of Tunisian officials, led by interior minister Lotfi Brahem, to close the office, Tunisia media Al Soutour reported. The Syndicate founded in […]