UN_Chief_Antonio Guterres

Morocco emerges as biggest EU wheat importer

Morocco has imported more soft wheat from the EU following a drought that compromised the country’s harvest last year. The North African country is planning an additional purchase of 1.5 million tons in the March-May period, Reuters reported. Revived black sea competition have helped push down prices although these remain still higher compared to the […]

Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]

African Cup of Nations to generate $1.2 billion dirhams in Morocco

The Africa Cup of Nations 2025 is proving to be more than a sporting spectacle for Morocco, with projected economic benefits reaching 12 billion dirhams (about $1.2 billion), the tournament is acting as a powerful engine for growth, Moroccan media said. Between 600,000 and one million visitors have joined the host cities, driving unprecedented demand […]