The new European Union anti-deforestation law, which aims at protecting dwindling forests by outlawing products sourced from deforested areas, is closely watched in parts of Africa, with some local traders arguing that the new rules effectively dissuade European companies from purchasing their coffee. Some industry sources have cautioned that the new rules requiring companies to […]
Morocco is set to strengthen its air defense deterrence capabilities with the upcoming acquisition of US-made 600 FIM-92K Stinger Block I missiles. The deal, worth $825 million, was cleared by the State Department with the Defense Security Cooperation Agency saying that Lockheed Martin will serve as the principal contractors for the project. The new missiles […]
Deputy Crown Prince Mohammed bin Salman announced Monday a large-scale reform plan dubbed Vision 2030 meant to restructure the kingdom’s economy and ministerial departments, reform the educational system, and give long term residency permits to foreigners, among others. Yet, the most outstanding announcement he made is the creation of a $2 trillion Sovereign Wealth Fund […]
