Egypt
Egypt’s Abu Mena Monastery no longer ‘in danger’
UNESCO has removed Egypt’s Abu Mena monastery from its List of World Heritage in Danger, Egyptian Streets reports. The
bank
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Libya
Libyan agency demands freeze on public sector hiring as wage bill soars
The Libyan Administrative Control Authority (ACA) has urged a halt to public sector hiring and contracts amid surging wage costs.
Egypt
CBE: Egypt’s foreign trade surpasses $104.7bn
According to the Central Bank of Egypt, foreign trade reached approximately $104.7bn in the fiscal year 2023/2024. This
Morocco
Moroccan banking sector forecasts $2.2 billion profit by 2026
According to Attijari Global Research’s (AGR) January report Morocco’s banking sector has posted a 13.2% increase in
Libya
Libya joins African Export-Import Bank
Libya has officially become the 53rd member of the African Export-Import Bank (Afreximbank). As part of its membership, Libya is
Morocco
Morocco to launch first legal crypto-assets framework with support from IMF, World Bank
Morocco is the latest to address crypto regulations as demand and adoption rise globally. Abdellatif Jouahri, the governor of the
Morocco
Morocco’s Bank Al-Maghrib reduces key interest rate to 2.5%
At the conclusion of the fourth and final quarterly meeting for the 2024, the Bank Al-Maghrib Board decided to “reduce
Libya
IMF concludes visit to Libya
The IMF has concluded a weeklong staff visit to Libya where it was assessing the latest economic conditions, as well
Libya
Libya’s Central Bank to print 30 billion dinars to ease cash crisis
Libya’s Central Bank (CBL) announced plans Thursday to print 30 billion dinars ($6.25 billion) to address the long-standing
Libya
Cash crunch drives Libyans toward bank cards
Libya’s ongoing cash shortage, worsened by over a decade of war and instability, is pushing many citizens toward bank
Tunisia
Tunisia looks to Central Bank to repay debt as economy falters
Tunisia’s government is looking to the central bank to help repay its external debt for a second straight year,
Morocco
Morocco secures $250M World Bank funding for waste management
The World Bank approved a $250 million program to enhance Morocco’s municipal waste management, aiming to boost environmental sustainability
Egypt
Egypt’s net international reserves hit $46.941bn in October
The Central Bank of Egypt (CBE) has reported an increase in net international reserves, up to $46.941bn in October