Suez Canal

Egypt signed Sunday a $1.5 billion Annual Work Program with the International

Egypt signed Sunday a $1.5 billion Annual Work Program with the International Islamic Trade Finance Corporation (ITFC), an autonomous entity within the Islamic Development Bank (IsDB) Group, to provide integrated financing solutions to the Arab country. Under the agreement, ITFC will deliver Egypt $1.5 billion integrated financing solutions, meant to enhance the country’s capacity to […]

MOROCCO’S ECONOMY SHOWS STRONG GROWTH PROSPECTS DESPITE RISING TRADE DEFICIT

Morocco’s economy is projected to grow 4.4 percent in 2025 and 4 percent in 2026, driven by robust domestic demand and investment, though concerns mount over a widening trade deficit that could reach 20.1 percent of GDP by 2026. The High Commission for Planning’s exploratory economic budget reveals an economy gaining momentum despite global uncertainties. […]

Sudan: UN warns of impending ‘full-scale civil war’ as air strike kills dozens

Conflict-torn Sudan is edging ever closer to a “full-scale civil war” that could destabilize the entire region, UN Secretary-General Antonio Guterres has warned, condemning an air strike that killed at least two dozen civilians and widespread violence in Darfur. The United Nations chief made his assessment in a statement on Sunday after the air strike […]