First Independent Mena Newspaper
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 […]
On Tuesday, July 22, 2025, the United Nations World Food Programme (WFP) has issued a grave warning that it may be compelled to reduce food rations in South Sudan as early as September due to critical funding shortfalls. Currently, WFP can only assist 2.5 million individuals—just 30 percent of those experiencing severe hunger—across the country. […]
Under the directive of Libya’s Ministry of Interior in the Government of National Unity, a coordinated security operation was conducted in collaboration with INTERPOL’s Counter-Terrorism Directorate and various Libyan security agencies. The operation involved comprehensive field inspections at key entry points—including ports and airports—where advanced technologies were employed to verify passports, vehicle registrations, and shipping […]
Morocco’s listed banks have entered a virtuous cycle, recording 91.6 billion dirhams in net banking income for 2024, up 12.8 percent year-on-year, significantly exceeding five-year averages and signaling robust sector recovery. Attijari Global Research’s latest report reveals comprehensive performance improvements across all revenue streams. Interest margins grew 6.3 percent driven by credit volume recovery, particularly […]
Morocco’s healthcare sector has undergone remarkable transformation over five years, evolving from a marginal player to one of the most promising segments on the Casablanca Stock Exchange, driven by regulatory reforms and unprecedented public investment. The “Health 2025” plan, backed by 24 billion dirhams with 14 billion allocated to hospitals alone, marks a decisive break […]
Morocco secured on Tuesday, July 22, a historic place in the 2025 Women’s Africa Cup of Nations (WAFCON) final after a tense 1-1 draw against Ghana ended in a 4-2 penalty shootout triumph. The breakthrough came when Stella Nyamekye scored for Ghana in the 26th minute, capitalising on a rebound from Josephine Bonsu’s header. Morocco […]
Morocco has secured the top position in North Africa for economic freedom, ranking 101st globally out of 196 countries in the 2025 Nomad Capitalist Freedom Index, though structural obstacles continue to limit its full economic potential. The tax and migration advisory firm’s index evaluated countries across five pillars: financial freedom (30 percent), asset protection (25 […]
British junior energy company Chariot Limited has taken control of Morocco’s Anchois gas field development, adopting a scaled-back, modular approach following Energean’s withdrawal, potentially unlocking 18 billion cubic meters of gas reserves crucial for national energy security. Announced July 8, 2025, Chariot’s takeover marks a strategic revival of the offshore field in the Lixus permit […]
Libya’s Minister of Oil and Gas, Khalifa Abdulsadiq, has reiterated the country’s openness to strategic partnerships, particularly with European partners, as part of efforts to establish a sustainable energy business model. In a meeting with the European Union Ambassador to Libya on July 21, Nicola Orlando, Abdulsadiq emphasised that the green transition is central to […]
Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, has affirmed the government’s commitment to ensuring a stable and sustainable supply of natural gas this summer, particularly for the electricity and industrial sectors. His remarks came during an inspection of the National Advanced Transmission and Automation Centre (NATA), as the country faces soaring electricity loads […]