First Independent Mena Newspaper
Morocco’s key infrastructure and development projects were at the centre of talks held lately in Rabat between Minister of Economy & Finance, Mrs. Nadia Fettah and a delegation from UK Export Finance agency. Discussions focused on ways of strengthening financial cooperation between the two countries and UKEF’s financing support for strategic Moroccan projects in energy, […]
Egypt’s Monetary Policy Committee on Thursday, November 20, has opted to maintain all key interest rates, keeping the overnight deposit rate at 21 percent, lending at 22 percent, and the main operation and discount rates at 21.5 percent. The decision underscores a guarded policy posture as inflation risks remain elevated both at home and abroad. […]
Moroccan construction leader SGTM has received approval from the AMMC to launch an initial public offering (IPO) on the Casablanca Stock Exchange, aiming to raise 5.04 billion dirhams ($545 million). This makes SGTM’s listing the second-largest IPO in the history of the Moroccan bourse, underscoring the growing depth of the local capital market. The subscription […]
Representatives from Libya’s two competing legislative bodies signed an agreement on Tuesday, November 18, for a unified development program, according to the Central Bank of Libya. The move aims to harmonize financial governance after more than a decade of divided budgets between eastern and western Administrations. Although specific details were not disclosed, the Bank said […]
Morocco’s Chamber of Representatives approved the 2026 Finance Bill Friday during a plenary session, and sent the draft budget to the Chamber of Councillors for further legislative review. The lower house passed the bill with 165 deputies voting in favor and 55 against, with no abstentions recorded. The Finance and Economic Development Committee received 350 […]
An International Monetary Fund (IMF) mission is scheduled to arrive in Cairo in early December 2025 to conduct the fifth and sixth reviews of Egypt’s $8 billion Extended Fund Facility (EFF) and the first review under the $1.3 billion Resilience and Sustainability Facility (RSF), according to Julie Kozack, Head of the IMF’s Communications Department. Speaking […]
South Sudan has confirmed it requested $2.5 billion in oil-backed loans from two international firms, exceeding the country’s annual budget of less than $2 billion. The Petroleum ministry said on Thursday that the requests, sent in late October, were preliminary and intended solely for official Government purposes. The loans comprise $1 billion from ONGC Nile […]
Tunisia’s trade deficit reached 18,435.8 million dinars (MD) by the end of October 2025, up from 15,716.4 MD over the same period in 2024, according to the National Institute of Statistics (INS). The coverage rate fell to 73.9% compared with 76.7% last year. The deficit was primarily driven by energy (-9,181.5 MD), raw materials and […]
Morocco’s dirham has maintained remarkable stability over the past decade while currencies of competitors Turkey and Egypt collapsed, creating apparent price advantages for those nations’ exports. However, exchange rate dynamics reveal far more complexity than nominal depreciation suggests, notes Media 24 news outlet in an analysis. Over 2015-2024, the dirham depreciated just 0.7% against the […]
Morocco has taken a significant step toward regulating its crypto asset market with the release of a draft law that outlines rules, actors, and safeguards for digital assets. Published on the website of the General Secretariat of the Government, the draft is open for public comment after it was prepared by the finance ministry in […]