Egypt Europe Finance International

EU grants Egypt $40 million to enhance food security

The European Union (EU) has granted Egypt $40 million earn-marked for the improvement of food security in the North African country, Egypt’s International Cooperation Ministry said in a statement. The EU will provide the funds through the Italian Agency for Development Cooperation (AICS). Per the deal, the AICS will partner with the Egyptian Ministry of […]

Africa Asia Business Columns Emerging Markets Europe Headlines International

EU, US growing investment in Africa challenges China’s Belt and Road offensive

China’s Belt and Road investment in sub-Saharan Africa fell to a new low in 2023, which demonstrates that increased EU and US spending could reduce the region’s need to rely on Beijing for funding. China’s investment in the region related to Beijing’s Belt and Road (BRI) initiative, the main pillar of its global infrastructure development […]

Business Emerging Markets Europe Headlines International Morocco

Morocco emerges as biggest EU wheat importer

Morocco has imported more soft wheat from the EU following a drought that compromised the country’s harvest last year. The North African country is planning an additional purchase of 1.5 million tons in the March-May period, Reuters reported. Revived black sea competition have helped push down prices although these remain still higher compared to the […]

Africa Europe Headlines International Libya

EU, UN, African Union call on Libyan Authorities to end migrants’ abuse

The European Union, the African Union and the United Nations have called on the Libyan authorities to end arbitrary detention of migrants and refugees, starting with the women and children as well as other individuals with specific needs or disabilities. In a joint press release issued following their meeting held Monday in Brussels, the tripartite […]

Business Europe Headlines International Morocco

Watermelon: Morocco becomes 2nd supplier of the EU

Morocco’s watermelon exports to the European market reached 271 million kg in 2022. The North African Kingdom becomes thus the second supplier of the EU advancing Italy, which remains the top exporter of this product. According to latest data released by Eurostat, the exports of Moroccan watermelon to the EU amounted this year to over […]

Africa Business Europe Headlines International

EU needs to strengthen cooperation with Africa on trade in services — ECFR study

Trade in services is critical for improving the competitiveness of African economies and improved trade in services with African countries could help the European Union diversify its supply chains, strengthening resilience and reducing dependencies on China and other Asian countries, according to a new policy brief published by the Brussels-based European Council on Foreign Relations […]

Algeria Business Europe Headlines International

EU slams Algeria’s barriers on trade with Spain

Head of EU Diplomacy Josep Borrell called, on Monday during his two-day visit to Algiers, for a solution to Algeria’s barriers on trade with Spain, introduced in June 2022. “The barriers introduced [by Algeria] to trade with Spain, since June 2022, must find a solution,” said the High Representative of the European Union for Foreign […]

Business Columns Europe Headlines International Morocco

Morocco, an indisputable oasis of social and economic stability, is indispensable in the EU’s Neighborhood Policy – Independent media outlet

Morocco, an indisputable oasis of social and economic stability in the region, must be regarded as an indispensable nation in the European Union’s Neighborhood Policy, particularly with regard to its southern flank, commented NE Global News Service, an independent media outlet. In a story on Morocco-EU relations, the media outlet highlighted the successive visits by […]

Business Emerging Markets Europe Headlines International Morocco

Morocco, pillar of stability in the region (Várhelyi)

Morocco is a flagship country and a pillar of stability in the region, said Thursday in Rabat, the European Commissioner for Neighborhood Policy and Enlargement, Olivér Várhelyi, who stressed the “extreme importance” of the Morocco-EU partnership. In a global context marked by multiple challenges, it is not easy to find stable partners like Morocco, hence […]

Europe Finance Headlines International Morocco

EU supports Morocco’s socioeconomic development with €500 Mln funding

The European Union announced on Thursday a new financial package worth €500 million for Morocco. The financial support will enable the North African Kingdom to carry out five projects aiming to strengthen further social protection, green transition, financial inclusion, reform of public administration and improvement of management of migration. The new cooperation deals were inked […]