Egypt’s current account deficit narrows amid surge in remittances, tourism revenue

Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year earlier, the Central Bank of Egypt announced on Tuesday, July 22. This improvement was driven primarily by an 86.6% surge in remittances from Egyptians abroad, reaching $26.4 billion, and a […]

Algeria’s Tebboune courts US oil giants after tender fiasco

Algeria’s recent oil and gas licensing tender, launched with high hopes to attract global investments, has drawn low interest with no US company bidding. This has pushed President Tebboune to take matters into his own hands reaching out to the two US oil giants: Chevron and Exxon Mobil. The two companies sent senior officials- not […]

Libyan delegates urge international community to back Bouznika talks in Morocco

Delegates of the Libyan parliament and the Libyan High Council of state currently taking part in talks in Bouznika, near Rabat, called on the international community to back their talks. Bouznika talks “reached significant results” at a positive context auguring well for the war-torn country, said Idriss Amrane of the Libyan parliament in an address […]