Business Egypt Emerging Markets Headlines

Egypt’s current account deficit soars as Suez Canal revenues plummet

Egypt’s current account deficit more than doubled to $5.9 billion in the July-September 2024 quarter, up from $2.8 billion in the same period last year, according to the Central bank on January 16. A significant contributor to this widening deficit was a sharp drop in Suez Canal revenues, which fell by 61.2% to $931.2 million, […]

Africa Business Emerging Markets Headlines International Maghreb Morocco

Malawi reiterates support for Morocco’s territorial integrity, praises royal initiatives for Africa

Malawi reaffirmed, on Thursday in Rabat, its support for Morocco’s territorial integrity, and for the Kingdom’s sovereignty over all its territory, including the Moroccan Sahara region, and praised King Mohammed VI’s initiatives for Africa. The position was expressed in a joint statement that crowned talk held Thursday in Rabat between visiting Malawian Foreign Minister, Nancy […]

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Algeria boycotts Ecuador’s bananas after its pro-Morocco move

The prices of bananas are set to surge in Algeria after the latter boycotted imports of the fruit from its main supplier Ecuador, which has withdrawn recognition of the Polisario entity and backed Morocco’s autonomy plan for the Sahara. Ecuador has made the position last month, following the example of Panama, showing strong support for […]

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China pushes its agenda, exploiting Western vacuum in Africa’s Sahel region — analysts

Amid the upheaval in Sahel in the last decade, characterized by a series of military takeovers, growing insecurity and surging anti-Western sentiment, China has seized on the opportunity to expand its military, geopolitical, and economic presence in this volatile region, analysts say. Despite the challenges facing the region, the scramble among major powers for the […]

Columns Emerging Markets Headlines Mauritania Morocco

Morocco-Mauritania relations bode well for a promising future

Moroccan-Mauritanian relations are poised for unprecedented advancement across various sectors, following the recent meeting in Casablanca between King Mohammed VI and the Mauritanian Head of State, according to a Mauritanian NGO. “President Mohamed Ould El-Ghazouani’s visit to Morocco will inject new momentum into bilateral cooperation,” said Cheikhani Ould Cheikh, president of the Mauritanian-Moroccan Association for […]

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Interpol’s coordinated strike targets illicit mining networks in West Africa

Interpol has announced the success of a large-scale operation aimed at rooting out illegal mining across several West African nations. During the coordinated raids in Burkina Faso, Gambia, Guinea, and Senegal, law enforcement officials arrested 200 suspects and confiscated a range of harmful chemicals, explosives, and narcotics. According to Interpol, the operation—carried out between July […]

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Mali: Barrick Gold confirms suspension of operations in gold mine

Barrick Gold Corporation said that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali, where authorities have also seized the company’s existing gold stock from the site to a custodial bank. Malian authorities have seized an amount of gold estimated at $245 million in an escalation of their long-running dispute with […]

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Maritime Transport: Danish giant maersk abandons Algeciras stop, opts for Tanger Med Port

The Danish maritime transport giant has announced a significant route modification for its India-United States service, a change aimed at enhancing service quality by reducing transit times. In a strategic move to improve its India-North America service, Maersk’s MECL service will add a stop at Mundra, India, while simultaneously discontinuing its westbound call at the […]

Business Emerging Markets Europe Headlines International Morocco

Utrecht tourism fair: Morocco wins most beautiful stand award

Morocco shone at the “Vakantiebeurs 2025” Tourism Fair, held in Utrecht, Netherlands, from January 8 to 12, by winning the award for the most beautiful stand. Morocco’s stand, inaugurated in the presence of diplomats from several countries, received the “Most Beautiful Stand” award at this travel and vacation-focused event. The award comes as Morocco’s tourism […]

Asia Emerging Markets Europe Headlines International Morocco

Morocco poised to strengthen air force with Mirage 2000

In recent weeks, several reports mentioned that Morocco is about to foster its air defense capabilities with the reception of 30 Mirage 2000 from the UAE. French radio, RFI, has become the latest media to raise an imminent transfer of the mighty French fighter jet to Morocco from the UAE, as the latter prepares to […]