Mohammed Ihattaren

China deepens ties with South Africa, Saudi Arabia in pushback against U.S. tariff escalation

As tensions surge between the world’s two largest economies, China is ramping up its global diplomacy, holding strategic talks with Saudi Arabia and South Africa to counterbalance the United States’ sweeping new tariffs. China’s commerce minister Wang Wentao recently held virtual meetings with his counterparts in Saudi Arabia and South Africa, focusing on responses to […]

Remittances, tourism receipts to hit record in 2026- Morocco’s central bank says

Two key sources of Morocco’s inflow of hard currency, remittances from Moroccans abroad and tourism receipts are heading towards another record in 2026 at 123 billion dirhams ($12.8 bln) and 125 billion dirhams ($13 bln) respectively, the central bank said. This improvement would help offset the deepening trade deficit due to higher imports of equipment […]

India mulls $700m investment in Egypt in coming years

New Delhi’s ambassador in Cairo Ajit Gupte announced plans by the Asian country to invest $700 million in the coming few years, Arab News reports. Gupte made the announcement during a meeting with Egyptian and Indian businessmen. Indian investments in Egypt currently stand at $3.15 billion, the diplomat also noted. The announcement came as a […]