Data published by the Central Bank of Egypt showed that net foreign assets in the banking system were up by approximately US $1.5 billion during February, reaching $10.17 billion, compared to $8.7 billion at the end of January – an increase of more than 17 percent. Reportingby Reuters indicates that this is the second increase so far in 2025, after having fallen in each of the last three months of 2024.
Morocco has approved the creation of a new state-backed company aimed at developing industrial zones dedicated to domestic defense production,
Algeria has canceled a major port construction deal with China and is now turning to France to modernize its maritime
Escalating hostilities between Israel and Iran over the weekend have rattled Egypt’s economy and dealt a blow to its
Morocco is ramping up investment in desalination, dams, and water transfer projects to counter prolonged drought and protect its agricultural
Sign up for the weekly newsletter and get our latest stories delivered straight to your inbox.
