UN 4th committee

Egypt: Nine Banks to invest $1.5 billion in coal-fired power plant

In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]

How Morocco shunned double digit inflation

Inflation which stood at 5% in 2022 could have soared to 10% had it not been for proactive measures taken by the government to protect the purchasing power of citizens, finance minister Nadia Fettah Alaoui said. Morocco had increased allocations to the compensation fund to 40 billion dirhams, offered transporters help, while the central bank […]

Sahara conflict has lasted too long, Moroccan Autonomy Plan, a serious & credible basis for discussions – French FM

Part of the world reaction to the historic proclamation by President Donald Trump recognizing the full sovereignty of the Kingdom of Morocco over the entire region of the Moroccan Sahara, France’s Foreign Ministry said that the Sahara conflict has lasted too long and that the Morocco-proposed Autonomy Plan constitutes a serious and credible basis for […]