Skip to main content

Egypt secures extra $5 bn in IMF loans as pound plunges

Egypt secured an additional $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates and allowed the pound to plunge by nearly 40 percent.

The Central Bank of Egypt's decision to raise the key deposit rate to a record 27.25 percent, in a move it said was to "fast-track the disinflation path", caught the market by surprise.

The bank also committed to "allowing the exchange rate to be determined by market forces", saying in a statement that it was "crucial" to unify the official and black-market exchange rates.

Egyptian pound plunged to a record low of around 50 to the US dollar

UN experts urge Britain to repatriate former 'IS bride'

A group of United Nations experts on Wednesday urged Britain to repatriate a woman stripped of her citizenship after leaving the country aged 15 to marry an Islamic State fighter.

Shamima Begum, now 24 and living in a refugee camp in northern Syria, lost an appeal last month against the decision to remove her British citizenship.

A group of five UN special rapporteurs voiced deep concern at the February 23 ruling, and urged Britain to provide Begum with protection -- including repatriation -- and review the decision to revoke her citizenship.

Begum was 15 when she left Britain to marry an Islamic State group fighter

Morocco winter breaks heat records: meteorologists

Morocco experienced record heat this winter, including the hottest January since measurements began, the country's meteorological department told AFP, placing the blame on climate change.

The North African kingdom, where temperatures recently approached 37 degrees Celsius (99 Fahrenheit), is facing a sixth consecutive year of drought.

The lack of water threatens the viability of agriculture -- a key economic sector which employs around a third of the working-age population and accounts for 14 percent of exports.

A sixth consecutive year of drought is hitting Morocco's farmers

UN says 2023 was deadliest year for migrants in a decade

At least 8,565 people died on migration routes worldwide in 2023, making it the deadliest year since records began a decade ago, the United Nations said Wednesday.

"The 2023 death toll represents a tragic increase of 20 percent compared to 2022, highlighting the urgent need for action to prevent further loss of life," the UN's International Organization for Migration said in a statement.

The IOM said last year's total surpassed the previous record reached in 2016, when 8,084 people died during migration.

So far this year, 512 deaths have already been recorded.

Unprecedented numbers of migrant deaths were recorded last year across Africa (1,866) and Asia (2,138)

Probe says Israel PM bears 'responsibility' for deadly 2021 stampede

A probe into Israel's worst civilian disaster on Wednesday found Prime Minister Benjamin Netanyahu "bears personal responsibility" for the 2021 stampede which killed 45 Jewish pilgrims.

Tens of thousands of ultra-Orthodox Jews had converged on Mount Meron, near Israel's border with Lebanon, on April 30, 2021 for an annual pilgrimage to the tomb of a reputed second-century rabbi.

The stampede in the male section of the gender-segregated crowd is believed to have started as people moved through a narrow passageway that became a deadly chokepoint.

Israeli Prime Minister Benjamin Netanyahu, minister Amir Ohana and police chief Yaakov Shabtai, at the Mount Meron site

'Reframed' Iran ties shield Saudi in Gaza war: analysts

A surprise deal reached one year ago to mend ties with Iran has paid dividends for Saudi Arabia, largely shielding it from the Israel-Hamas war and related unrest, analysts say.

Though thorns remain in the complex relationship between the Middle East rivals, the rapprochement amounts to a signature diplomatic achievement for Crown Prince Mohammed bin Salman, Saudi Arabia's hard-charging de facto ruler.

Saudi Crown Prince Mohammed bin Salman (L) walks with Iranian President Ebrahim Raisi at a November meeting of the Organisation of Islamic Cooperation on the war in Gaza

Envoys push for Gaza truce before Ramadan starts next week

Envoys pushed on with efforts for a Gaza truce and hostage release deal in Cairo talks Wednesday, hoping to halt nearly five months of fighting with days to go before Ramadan.

US President Joe Biden had urged Hamas to accept a ceasefire plan with Israel before the Muslim fasting month begins, which could be as early as Sunday depending on the sighting of the crescent moon.

As negotiators in Egypt sought to overcome tough stumbling blocks, deadly fighting again rocked Gaza where the UN warns famine looms and desperate crowds have stopped and looted food aid trucks.

A picture taken from southern Israel on March 6, 2024 shows smoke billowing amid destroyed buildings in the Gaza Strip

'Worse than hell': the perils of pregnancy in war-torn Gaza

Forced to flee her home by Israeli bombardment, Asmaa Ahmed gave birth in the middle of the night in a Gaza City school that had no electricity.

The doctor arrived just in time, working by the light of a mobile phone and clamping the umbilical cord with whatever medical staff could find.

"I was very, very afraid to lose the baby," 31-year-old Ahmed told AFP, recounting how her son Faraj came into the world four months ago.

Baraa Jaber, the nurse who assisted in the delivery, said she was scared too.

The fast-deteriorating conditions in Gaza have struck fear into the hearts of pregnant women and presented mothers with stark challenges

Israel's Shiri Bibas: unwitting face of hostages

Poignant images of an anguished Shiri Bibas clutching her two red-headed boys as she was kidnapped by Hamas on October 7 have turned her into the face of the Israeli hostages seized that day.

But friends and relatives of the 32-year-old say the unassuming woman they know and love would have been ill-at-ease at being thrust into the spotlight, in footage shot and aired by Hamas militants.

Five months later, Bibas's fate and those of her baby boy and young son remain unclear.

A relative of Shiri Bibas, an Israeli woman kidnaped during the October 7 attack, holds a snapshot of her and one of her two boys

Hunger crisis in Gaza: what to know

Children have begun starving to death in Gaza, where the United Nations has warned a famine is "almost inevitable."

Here's what to know about the hunger crisis engulfing the war-torn Palestinian territory.

- Emaciated children -

At least 15 children have died from starvation and dehydration in a single hospital, according to the health ministry in the Hamas-run territory.

Media including AFP have captured haunting images of emaciated infants with sunken eyes and gaunt faces.

The UN says Gaza needs a "flood" of international aid amid reports of children dying of starvation