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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 […]

Morocco pleads for African solidarity to address COVID-19 pandemic

Morocco has pleaded for African solidarity to address the COVID-19 pandemic and renewed its firm commitment to the principle of this solidarity to protect the African continent and help eradicate the pandemic. The plea was made by Minister of Foreign Affairs Nasser Bourita, in an address before the 40th session of the Executive Council of […]

Atlantic African States Process: Sixth ministerial meeting held in New York

Foreign ministers of the member states of the Royal Initiative on the Atlantic African States Process (AASP) held their 6th meeting in New York, on the sidelines of the High-Level Week of the 80th United Nations General Assembly. The meeting followed the “Africa for the Ocean” Summit, held at the initiative of King Mohammed VI […]