First Independent Mena Newspaper
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 […]
The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]
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 […]
Investment Minister Karim Zidane called for enhanced youth training programs aligned with future industries as Casablanca positions itself to become an international investment hub attracting major global corporations. Speaking at the “Niqach Al Ahrar” (RNI Dialogue) forum, Zidane highlighted Casablanca’s exceptional economic potential and stressed the necessity of orienting youth education toward future industries and […]