Egypt’s foreign reserves hit record high of $50.07 billion in October

The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves reached a historic 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars in September. This marks the highest level of foreign reserves in Egypt’s history, reflecting the impact of ongoing financial reforms and a resurgence […]

Morocco’s labor unions reject strike law

A strike law that the government managed to pass in the Parliament’s two chambers has been rejected by the main labor union, who called for a nation-wide strike and protests. In addition to the law, the unions decry the impact of inflation, low wages and what they describe as deteriorating conditions of the working class. […]

Morocco says migration management is shared responsibility, rejects claims of pressure

Morocco remains a sovereign and reliable partner in efforts to combat irregular migration and has never acted under pressure or coercion in managing migration flows, a senior government source said on Monday. The statement was made after about 40,000 crossed into Ceuta in a major crossing that left 11 people dead, according to Morocco’s interior […]