According to a report by Goldman Sachs the Central Bank of Egypt (CBE) is expected to implement a series of interest rate reductions in the coming months. The report suggests that in September, the CBE will reduce interest rates by 1 percent, followed by a further decrease of 2 percent in the last quarter of 2024. The report also forecasts a decline in inflation of about 12.5 percent throughout 2025, which is lower than the consensus expectations of 16 percent as well as a stable exchange rate.
Khalifa Haftar, commander of the Libyan National Army (LNA) that controls eastern Libya, recently held talks with Russian President Vladimir
Egypt has decided not to appoint a new ambassador to Israel until the war in Gaza comes to an end,
France’s development agency, AFD, plans to invest €150 million in Morocco’s southern provinces, including the disputed territory of
The USS Mount Whitney, the U.S. Sixth Fleet’s command ship, has docked in Nouakchott, underscoring Washington’s commitment
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