Business Egypt Finance Headlines

AfDB allocates Egypt $271m credit line to finance food security and economic resilience program

The African Development Bank Board of Directors approved a loan of USD 271 million to finance Egypt’s Food Security and Economic Resilience Support Program to support efforts to mitigate the impact of the global shocks on the domestic economy from the Russia-Ukraine conflict and to preserve resilience, Abidjan-based bank said in a statement. The program […]

Business Emerging Markets Finance International

Inflation could “inflame social tensions”, warns IMF

The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]

Asia Headlines International Libya

Turkey, Russia pledge to end rivalry in Libya

Russia and Turkey Wednesday vowed to collaborate and work towards the stability of Libya where both countries back rival sides. “Everyone must contribute to the full stabilization of Libya,” Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday at a joint press conference with his Russian counterpart Sergej Lavrov in Ankara. “We no longer want competition […]

Africa Asia Headlines International

African Union Chairperson Macky Sall in Moscow for talks with Putin

The chairperson of the African Union, President Macky Sall of Senegal, will meet Russian President Vladimir Putin on Friday as the war in Ukraine exacerbates food insecurity on the continent. Macky Sall, accompanied by Moussa Faki Mahamat, the African Union Commission chairperson, is expected in Russia this Thursday and will meet Putin in Sochi on […]

Asia Headlines International Tunisia

Russian FM Lavrov scraps planned trip to Tunisia

Russia’s top diplomat Serguei Lavrov has cancelled a trip to Tunisia initially planned for May 9-10, Tunisie Numerique has revealed. A source aware of the cancellation has told the media that the Russian Foreign Minister will not visit the North African country as indicated, owing to current international crisis that is opposing Russia to Ukraine. […]

Headlines Libya

Fathi Bashagha denies penning The Times piece critical of Russia

Fathi Bashagha, one of Libya’s Prime Ministers, has denied being the author of an article in British media The Times in which he offers to the United Kingdom (UK) his partnership to curb Russia’s influence in the oil-rich African country. In the article titled ‘Libya wants to stand with Britain against Russian aggression’ Bashagha was […]

Africa Energy Headlines International Morocco

Nigeria-Morocco gas pipeline attracts growing international interest – Nigerian official

There is a growing international interest and investors’ interest in the Nigeria-Morocco gas pipeline project that will be the world’s longest offshore pipeline to transport gas between the two countries, going through 11 other West African countries. Nigerian Minister of State for Petroleum Resources, Timipre Sylva disclosed that the Organization of Petroleum Exporting Countries (OPEC) […]

Headlines Tunisia

Tunisia’s President to visit Russia “soon”

Tunisia’s President Kais Saied is expected to travel to Russia “soon” to attend the space trip of the first Tunisian astronaut, the North African country’s ambassador to Moscow has revealed. “We are currently working to organize the visit of the President of the Republic to Russia and as soon as possible,” Tarak Ben Salem told […]

Eating out Europe Headlines International Lifestyle Tunisia

Tunisia to fly in Russian tourists

Tunisia will send aircraft to Russia to transport Russians holidaymakers, the Tourism Minister of the North African country pointed out Monday as result of the ongoing Russia-Ukraine conflict, reports say. Mohamed Moez Belhassine told Shems fm that authorities have already established contacts with local airlines for the process. The  official indicated that the Russian market […]

Africa Headlines International Tunisia

Tunisia to send 450 peacekeepers to CAR

Tunisian President Kais Saied has greenlighted the deployment of 450 soldiers for United Nations peacekeeping operation in the Central African Republic (CAR) embroiled in several years of political crisis. The contingent will support disarmament, demobilization, reintegration and repatriation operations and contribute to monitoring respect for human rights within the mandate of the United Nations Multidimensional […]