palestine

Egypt: IMF, ADB agree to release billions to support Egypt’s weak budget

The International Monetary Fund (IMF) and the African Development Bank (ADB) have approved this week release of billions in form of loans to Egypt in order to support its weak budget suffering from lack of foreign assistance and a huge domestic debt, reports say. The IFM according to reports has approved the first $1 billion […]

High-stakes election race in Kenya closes peacefully

Polls for presidential, legislative and local elections closed across Kenya on Tuesday (9 August), and it appears Kenyans voted largely peacefully as two political heavyweights battled it out in a high-stakes race for the presidency of the East African powerhouse. The country is hoping for an orderly transition of power after almost a decade under […]

Morocco’s GDP to grow 2.9% in 2022, planning agency says

Morocco’s economic growth will stand at 2.9% in 2022 after 5.8% expected this year, the planning agency said, noting that next year’s forecast is based on an average cereals yield. This year’s forecast is based on indicators of an improvement in domestic and foreign demand amid positive prospects for the mining, industrial and construction sectors, […]