German FM Heiko Maas in Libya oct 27

Algeria: $58 billion of Foreign Exchange Reserves Lost in 2 Years

Collapse of oil revenues and sharp increase in importations have caused a huge dent in Algeria’s foreign reserves with figures pointing at $58 billion loss since 2014; year of exceptional growth, the country’s Prime Minister said on Sunday. Prime Minister Abdelmalek Sellal at a tripartite meeting including government, worker’s syndicate and employers, indicated that Algeria […]

Sahara: Gambia Opens General Consulate in Dakhla

Just few weeks after the Comoros Islands opened a consulate in the Moroccan Saharan city of Laayoune, Gambia opened this Tuesday Jan.7 its General Consulate in Dakhla. The Moroccand and Gambian Foreign Ministers Nasser Bourita and Mamadou Tangara chaired the opening ceremony of the consulate in the presence of several officials from both Rabat and […]

Egypt’s path to economic recovery hinges on IMF reforms, fiscal discipline

As Egypt navigates its economic recovery, a notable divergence has emerged between Government projections and IMF estimates regarding public debt reduction. While the Egyptian Government targets a reduction of public debt to 85% of GDP by the end of FY2024/25 and to 80% by mid-2027, the IMF forecasts a slower decline from 92.9% to 73.9% […]