Egypt's current account deficit surged to $5.9 billion in the July-September 2024 quarter, from $2.8 billion a year earlier. The central bank attributes this increase partly to a significant drop in Suez Canal revenues, which plummeted 61.2% to $931.2 million from $2.4 billion. The decline in canal activity, down 51%, follows Red Sea tensions, where Iran-backed Houthis' attacks on vessels have caused shipping companies to alter routes, adversely impacting Egypt’s key economic sector.
The LIDE Brazil-Morocco Forum in Marrakech, held on Wednesday, brought together more than 100 business leaders, policymakers, and institutional representatives
The European Parliament voted on Wednesday to include Algeria on the European Union’s list of jurisdictions considered high-risk for
In a meeting on the sidelines of the 50th session of the Parliamentary Assembly of the Francophonie (APF), the Moroccan
United States President Donald Trump met leaders from five African countries at the White House on Wednesday in what observers
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
