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 […]
The Kremlin has announced the expansion of the list of “friendly and neutral” African countries whose banks may now trade currencies and derivatives in Russia. By adding Nigeria, Tunisia and Ethiopia to the list, “the number of friendly and neutral countries whose credit institutions and brokers will be allowed to trade on the Russian foreign […]
President of the House of Representatives of Libya, Agila Saleh Essa Gwaider, Sunday told the UN General Assembly that Libya cannot stand alone in the fight against IS militants and that coordinated actions are necessary to stamp out militancy dogging not only the North African country but also the whole region. In his address, the […]
