The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
Sudanese government has signed a $6 billion agreement with a consortium led by the United Arab Emirates’ AD Ports Group and Invictus Investment to develop a new port and economic zone in the Red Sea. “This mammoth project, estimated to cost around $6 billion, will give a powerful boost to the national economy and bring […]
“Barbaric” attacks in two locations along Niger’s border with Burkina Faso have killed 39 people, including children, Niamey’s defense ministry has said, blaming “criminals” for massacring defenseless civilian populations. The two latest attacks occurred in the borderlands between Niger, Burkina Faso and Mali that have long been home to armed insurgents linked to the Al-Qaeda […]
