Varroc

Morocco to boost its foreign exchange reserves with $650 mln from IMF

Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]

Sahara: Moscow Backs Quick Consensual Solution to this Regional Conflict

Russia supports a quick consensual resolution of the Sahara issue, said on Tuesday Russia’s Deputy Foreign minister Mikhail Bogdanov. He made the remarks in Moscow after meeting vice chairman of the Afro-Asian People’s Solidarity Organisation (AAPSO), Talaâ Saoud Atlassi. Mr.Bogdanov, who is also a presidential envoy for the Middle East and Africa, said Moscow and […]

Egypt: Qatar accepts deposit conversion into bonds

The Governor of the Egyptian Central Bank, Hesham Ramez, confirmed that Qatar has agreed on the conversion of its $2 billion that it has deposited in the Central Bank during the era of President Morsi into bonds. The transactions are expected to take less than a week according to media reports. The Qatari government had […]