The Middle East crisis has quickly evolved into a global shock to the labor market, says the International Labor Organization, stressing the crisis has led to higher energy prices, disruptions to transport routes, supply chains, tourism, investment confidence, migration flows and remittances. With soaring oil prices, ILO forecasts work hours to fall by 0.5 per […]
Morocco’s King officially launched on Monday evening the Mohammed VI Foundation for African scholars tasked with boosting scientific and cultural reflection on Islam and spreading tolerant Islam in Africa. The foundation, which is part of Morocco’s strategy to fight extremism and religious fanaticism through spreading moderate Islam, is meant to foster coordination between all African […]
Millions of commuters across Egypt will benefit from a €290 million financing provided by the EBRD to support the Egyptian National Railways (ENR) in its fleet expansion and upgrade of services. As part of ENR’s locomotive renewal program, the EBRD will finance the acquisition of up to 100 new diesel locomotives under a supply-and-maintenance contract […]
