portugal-fire

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 […]

Engie North Africa seeks buyer for its stake in Safi coal plant

North African offshoot at French Engie compagnie said it was looking to sell its stakes at Safi coal-powered station, as part of its plan to quit coal operations before 2027, its CEO told Reuters. The company operates Morocco’s largest wind park in Tarfaya and is building a desalination plant along with its wind farm in […]

Sahara: UN Chief highlights Morocco’s diplomatic achievements, holds Algeria accountable & decries Polisario violations

The 2024 report submitted lately to the UN Security Council by UN Chief Antonio Guterres highlights the growing international support for Morocco’s autonomy plan under the Kingdom’s sovereignty, affirms that Algeria is a party to the Sahara conflict, and denounces Polisario obstruction of MINURSO mission. In his new report to the Security Council, expected to […]