collapsing oil prices

Morocco extends with Russia fisheries accord that covers Sahara, sending strong message to EU & Polisario Supporters

The four-year fisheries accord sealed between Morocco and Russia covers the Sahara territorial waters. The deal, which will expire on October 31, has been extended till end of 2024. Talks have been launched by the two countries for the renewal of the agreement for another four years starting 2025. Morocco affirms that it will never […]

US Treasury Secretary to urge for ‘speedy’ action on Ghana, Zambia debt relief within G20 framework

US Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Ghana and Zambia for restructuring of their sovereign debts, as a record number of developing nations are at risk of a debt crisis, with ballooning inflation escalating borrowing costs. Yellen, who is scheduled to meet with her counterparts at this […]

Egypt’s Central Bank Raises Cash Withdrawal Limit and Extends Bank Hours Amid Telecom Disruptions

The Central Bank of Egypt (CBE) has temporarily raised the daily cash withdrawal limit for individuals and businesses at bank branches from EGP 250,000 to EGP 500,000. This exceptional measure is intended to cushion the impact of ongoing telecommunications disruptions that have affected regular banking operations across the country. The CBE stated that the adjustment […]