The European Bank for Reconstruction and Development (EBRD) has adjusted Egypt’s economic growth projection upward, anticipating a 4% increase in FY2024/2025, indicating a positive recovery trajectory. Growth for FY2023/2024 was revised to 2.7%, with GDP expansion expected to reach 3.2% in 2024 and 4.5% in 2025. Inflationary pressures have moderated, with inflation declining to 25.7% […]
A trans-Saharan pipeline that will convey gas from oil fields in Nigeria to Spain on the Mediterranean coast through Niger and Algeria is scheduled to be operational by 2015 if the project succeeds to overcome all the obstacles on its long way. According to estimates, the 4128 km long pipeline is to convey to the […]
The minister of housing of the east-based government, Ali Koso, Sunday tendered his resignation as he accuses the administration-aligned army commander Khalifa Haftar of ethnical cleansing. The Beida-based government backed by the House of Representatives (HoR) and the Haftar-led Libyan National Army (LNA) is opposed to the UN-backed Government of National Accord (GNA) based in […]
