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Egypt Seeks to Sideline Sudan from Talks with Ethiopia on Nile Dam

Currently at loggerheads with Sudan, Egypt is seeking to sideline it from talks over Ethiopia’s Renaissance Dam on the Nile, the largest hydroelectric dam project in Africa, Addis Fortune newspaper reported. According to the paper, President Abdel Fattah el-Sisi has suggested to Ethiopia’s Prime Minister Hailemariam Desalegn, that talks proceed with Ethiopia alone. “Egypt, in […]

Fresh financing deal: Egypt gets $1.5 billion from ITFC to finance petroleum & basic commodities imports

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]

Coronavirus: Morocco’s King follows up closely evolution of situation

King Mohammed VI chaired, on Tuesday in Casablanca, a meeting focusing on the country’s management of the Coronavirus pandemic and on the actions to be taken according to the evolution of the situation. The meeting is part of the continuous follow-up by the Moroccan Sovereign of the evolution of this pandemic, from the beginning of […]