Economy

Egypt has deferred payments for its large wheat purchases, in some cases by months, as the country grapples with a shortage of hard currency. Egypt is one of the world’s…

An ongoing economic crisis in Egypt is shaking the country’s seafood sector, as it faces historic currency devaluation, rising inflation levels, and foreign currency shortages. The country’s inflation rate spiked…

Rabat – The United Nations and Morocco will celebrate the International Day of Argania on Wednesday May 10, with the UN headquarters in New York hosting an official celebration. The…

Rabat – Morocco’s Minister of Solidarity, Social Integration, and Family, Aawatif Hayar, held talks with her Qatari counterpart, Maryam bint Ali bin Nasser Al Misnad, on Monday in Rabat in…

Rabat – Morocco’s national economy has lost a staggering 280,000 jobs in the past 12 months, with the overall rate of unemployment rising to 12.9% at the end of the…

Rabat – Morocco and the UK have reflected their determination to intensify cooperation on sectors like clean energy through the signing of a strategic cooperation framework. Moroccan Minister of Foreign…

Minister of Finance Mohamed Maait has affirmed the government’s commitment to achieving financial targets during the current fiscal year, which ends in June, despite the global challenges. Maait said, in…

The Golden Brokers said that Egypt faces high inflation and its currency, the Egypt’s pound, depreciated almost 50% against the USD since March 2022, the country offers interesting investment opportunities.…

Fitch Ratings, one of the ‘Big Three’ credit rating agencies, downgraded Egypt’s sovereign credit rating – an assessment of a country’s ability to meet its foreign currency obligations – from…

When Europe began searching for alternatives to Russian oil and gas following that country’s invasion of Ukraine, one of the producing countries they focused on was Algeria. The decision made…