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Morocco: Managing the Zakat

Known for being a right of the poor, Zakat is a compulsory donation that has to be given by any Muslim from whatever income was earned during the year. This sum which corresponds to 2.5 % of the Muslim’s assets must be worth at least 85g of gold. From a religious point of view many […]

Russia re-opens embassy in Burkina Faso after nearly 32-year absence

Russia has re-opened its Embassy in Burkina Faso’s capital Ouagadougou, nearly 32 years after shutting down the mission. This comes amid growing ties between the two countries. Russia’s Ambassador to Côte d’Ivoire and Burkina Faso, Alexei Saltykov witnessed the ceremony alongside his host, Burkina Faso’s top diplomat, Karamoko Jean Marie Traore. The Russian diplomat underscored […]

Egypt: 3month successful stock market gains ends

Stock markets in Egypt suffered another major loss with fingers pointing at different reasons after a successful 3month recording of gains. The main index slide by 3,5% but the Egyptian pound rose against the US dollar. Investors are skeptical about Egypt’s future especially with the fast approaching May presidential elections coupled with the continuous violence […]