Remittances from Moroccans abroad to hit record level in 2022

Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]

Egypt : Investment Minister opens door to foreign investors

Egypt’s Minister of Investment Ashraf Salman has shown his determination to revive the economy if there is political stability. He has fixed the bars for his term in office as he set his sights on increasing the Foreign Direct Investment (FDI) by almost 100%.  In 2008, Egypt’s FDI reached $13,2billion but shrunk drastically after the […]

19 Tunisian politicians including Speaker of suspended Parliament summoned

The criminal court of the first instant tribunal of Tunis has published a list of 19 politicians including Rached Ghannouchi, speaker of the country’s suspended legislature, former Premier minister Youssef Chahed and Nabil Karoui, the leader of the second largest party in the parliament. All of them accused of electoral crimes including political advertising, illegal […]