Iran sacks Head of Central Bank candidate for June 18 Presidential elections

Iranian President Hassan Rouhani has sacked the governor of the Central Bank, Abdel Nasser Humati, who is running next month presidential elections, reports say. Humati, who assumed the position, reportedly agreed to step down after President Rouhani told him will Read more

Egypt sews out €145m from AfDB to advance railway system

Egypt secured Sunday a credit line worth €145 million from the African Development Bank (AfDB) to improve its railway system in the wake of a string of deadly train accidents. The financing was signed between the Minister of International Cooperation Read more

Addis Ababa rejects and qualifies US sanctions of inappropriate and unacceptable

This is a new milestone in U.S.-Ethiopia relations. Washington has decided to impose sanctions against Ethiopian and Eritrean officials. First there will be visa restrictions, followed by heavy financial sanctions, including in the areas of security and economic assistance. The Read more