migrants stranded at sea in overcrowded boat

Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]

Mauritania: High Profit Expectations On Iron Production

After Forte energy announced earlier on that it will begin its uranium survey drill at the A238 area in Mauritania during the first quarter of the year, Charter Pacific Corporation has also announced that it will be embarking on a reverse circulation drilling and trenching program at its Kaoua El Khadra Iron Ore project in […]

Egypt woes Green Climate Fund to finance six green energy projects

Egypt is seeking to obtain billions of dollars from the Green Climate Fund (GCF) to finance six green energy projects as the Arab country strives to tackle climate change issues. Egyptian Environment minister Yasmine Fouad made the announcement Tuesday as she met with GCF CEO Yannick Glemarec, report says. Yasmine Fouad indicated that her country […]