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Egypt increases by 75 % salaries of front-liners fighting Coronavirus

Egypt Sunday decided an increase by 75 per cent of allowances of Egyptians working at the frontline of the fight against Coronavirus. The decision came in appreciation of the efforts of the workers in the medical field as they strive to contain the outbreak, Egypt Today reports. In addition to the 75 per cent increase, […]

African High-Level Ministerial Meeting calls for an equitable global financial architecture

The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]

Robust remittances from Moroccans abroad offset tourism losses

The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]