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Egypt’s current account deficit narrows amid surge in remittances, tourism revenue

Egypt’s current account deficit narrowed significantly to $13.2 billion during the first nine months of the 2024/2025 fiscal year, down from $17.1 billion a year earlier, the Central Bank of Egypt announced on Tuesday, July 22. This improvement was driven primarily by an 86.6% surge in remittances from Egyptians abroad, reaching $26.4 billion, and a […]

Morocco, Mauritania to upgrade cooperation in advanced regionalization, decentralization

Morocco and Mauritania have voiced their shared resolve to upgrade their cooperation in matters of advanced regionalization and decentralization and to establish effective partnerships between the two countries’ local authorities. This came during a meeting held in Rabat on Monday between Moroccan Minister of the Interior, Abdelouafi Laftit, and Mauritanian Minister in charge of Decentralization […]

Morocco Stands out in Africa for Sustainable Ocean Management

Morocco was distinguished as the second best performing African country for the quality of its sustainable management of ocean resources, the US-based National Center for Ecological Analysis and Synthesis (NCEAS) said in a recent report. Morocco came after Seychelles and was followed by Egypt in the Ocean Health Index issued by the NCEAS while Democratic […]