Abdulhamid Dbeibeh

Egypt Registers Record $8.5 Billion USD Inflow in July Amid Remittance Surge

Egypt recorded its highest-ever monthly inflow of U.S. dollars in July 2025, reaching a staggering $8.5 billion, as announced by Prime Minister Mostafa Madbouly. This figure, which excludes volatile “hot money” investments, reflects robust economic confidence and includes a notable contribution from remittances—Egyptians working abroad sent over $3.6 billion in July alone. The surge in […]

New debt tracker signals shift toward Africa’s financial sovereignty

In a landmark move to address Africa’s mounting debt crisis, finance ministers across the continent have adopted the African Debt Monitoring Mechanism (ADMM) — a real-time, continent-wide system designed to track both domestic and external debt. Approved during the 8th Ordinary Session of the African Union’s finance-focused committee in South Africa, the ADMM is hailed […]

Algeria: Italian car producer Iveco to start production in Algeria end of 2016

Italian car company Iveco in collaboration with Algerian Ival group will start producing cars in Algeria by end of 2016 according to Ival CEO who made the announcement on Tuesday. Ival CEO Mohamed Baïri was speaking on the sidelines of the signing of a protocol of agreement for the establishment of a joint Algeria-Italy industrial […]