Euro notes

Arab Summit hails Moroccan King’s sustained efforts for protection of Al-Quds City

The Arab leaders commended, on Wednesday in Algiers, the continuous efforts made by King Mohammed VI, Chairman of Al-Quds Committee, for the defense of the Holy City of Jerusalem. In the final resolution adopted on the developments of the Palestinian cause, the Arab Summit, held Nov.1-2 in Algeria, hailed the projects carried out by Bayt […]

Algeria’s Foreign Exchange Reserves Shrink to $88.61

Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]

Africa’s $824bn debt burden, opaque resource-backed loans, hamper continent’s economic potential — AfDB

African Development Bank (AfDB) has asked policymakers to put in place an orderly and predictable way of dealing with Africa’s ballooning, unsustainable external debt pile that reached $824 billion in 2021. Africa’s $824 billion debt burden, the servicing of which requires countries to dedicate 65% of their GDP, and opaque, non-transparent resource-backed loans hamper the […]