Nasser Bourita & Guinean FM Mamadi Touré

S&P highlights Morocco’s resilience to external shocks amid global geopolitical uncertainties

Morocco’s economy is among the most resilient in Africa to external shocks from the war in the Middle East, helped by stronger foreign‑exchange reserves and broader financing options, S&P Global Ratings said, even as it warned that prolonged disruption could strain the sovereign credit outlook. In its assessment of African sovereign exposure, S&P said Morocco […]

Saudi Arabia hosts Arab-Islamic emergency summit on Israeli aggression on Palestinian, Lebanese Territories

Saudi Arabia is hosting this Monday an Arab-Islamic emergency summit aimed at addressing the intensifying crisis in Palestine and Lebanon. The summit is gathering leaders from across the Arab and Islamic world, with discussions expected to focus on Israel’s military actions and escalating violence in the Palestinian and Lebanese territories. Morocco’s King Mohammed VI is […]

Tunisia’s foreign exchange reserves down 3%

Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]