libyan-happy

Libya: The rival governments warn E.U of maneuvering off Libyan shores

The two rival governments in Libya have reacted to the agreement reached by EU’s foreign ministers to launch a naval operation to combat human-traffickers who have brought thousands of migrants to Italian, Maltese and Greek shores. The Libyan coast is under the control of the Tripoli government but the internationally recognized government warned that it […]

IFC provides Morocco’s Fez-Meknes Region $30 Mln for roads projects & Covid-19 response

The International Finance Corporation (IFC) supports Morocco’s Fez-Meknes region road projects and covid-19 response with a $30 million funding.   Ten million dollars will be used for the purchase of disinfection and sterilization equipment, which will be used to sanitize public places. The remaining $20 mln will support the region’s plan to expand and upgrade […]

Still Short of USD:Egypt’s Booming Foreign Currency Black Market

Egypt’s central bank has lately taken some exceptional steps to help the Egyptian pound and restrain the black market in foreign currencies. Despite the central bank’s effort, the currency black market is thriving around the country, which suggests that the limits of the economic recovery since the fall of ex-President Morsi in July last year […]