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Libya: Haftar Declares Victory in Derna

Strongman of Libya’s eastern part KhalifA Haftar and his army Thursday announced victory over ‘terrorists’ in the town of Derna after nearly two months of a major offensive and a two-year blockade that has alarmed the UN. “We proudly announce the liberation of Derna, a city dear to all Libyans,” Haftar said in a speech […]

Mali: ECOWAS summit lifts trade & financial sanctions

Leaders of the Economic Community of West African States (ECOWAS) meeting in a summit in Accra on Sunday lifted the trade and financial sanctions imposed on Mali since January. “The summit decided to lift all economic and financial sanctions from today” but maintains individual sanctions and the suspension of Mali from ECOWAS bodies until the […]

Egypt: decline in Hermes profits

One of the biggest investment bank in Egypt has reported an 18.8 % decline in its net profit for the first nine months which fell to 232.1 million Egyptian pounds ($38 million) from 286 million pounds. EFG Hermes made this announcement in report of its third quarter consolidated financial results. EFG Hermes said its net […]