Northern Africa

Home Northern Africa Page 3
Northern Africa
Fitch Forecasts Significant Reduction in Egypt’s Debt

Fitch Forecasts Significant Reduction in Egypt’s Debt

(3 Minutes Read) The agency expects Egypt’s public debt to decline to 50.2% of GDP by FY 2033-34, down by 12.5 percentage points from current...
Casablanca launched the Casablanca Tech Valley initiative, a transformative development project aimed at positioning the city as a premier technological and innovation hub in Africa.

Casablanca Unveils Landmark Tech Valley Project to Boost Digital Economy and Urban Development

(3 Minutes Read) Casablanca launched the Casablanca Tech Valley initiative, a transformative development project aimed at positioning the city as a premier technological and innovation...
Cement sales in Morocco—a key barometer of construction and public works activity—continued their upward trajectory in early 2025, signalling renewed momentum in infrastructure projects and real estate financing.

Cement Sales Surge in Morocco Amid Infrastructure Revival and Rising Construction Loans

(3 Minutes Read) Cement sales in Morocco—a key barometer of construction and public works activity—continued their upward trajectory in early 2025, signalling renewed momentum in...
Watermelon Surge from Mauritania Chokes Tanger Med Port, Export Delays Mount

Watermelon Surge from Mauritania Chokes Tanger Med Port, Export Delays Mount

(3 Minutes Read) A surge in watermelon shipments from Mauritania is clogging Morocco’s Tanger Med Port, sparking growing concern among international freight operators over mounting...
Egypt’s General Authority for Investment and Free Zones (GAFI) hosted a forum with a Chinese delegation to explore linking the Egyptian business community with innovation leaders in China and enhance investment partnerships, GAFI said in a statement.

Egypt’s Investment Authority Meets Chinese Delegation of Innovators

(3 Minutes Read) Discussions affirmed Egypt’s readiness to receive significant Chinese investments shortly, stating Fudan University would use its connections within the Chinese business community...
Egypt’s Gypto Pharma (Medicine City) and US-based Dawa Pharmaceuticals signed a strategic alliance agreement on Tuesday aimed at strengthening Egypt’s pharmaceutical industry and achieving US Food and Drug Administration (FDA) qualification for Gypto Pharma’s facilities.

Egyptian Pharma Company Ties Up with US-Based Dawa Pharmaceuticals

(3 Minutes Read) Prime Minister Madbouly stated that Egypt’s pharmaceutical industry is a “vital field for new trade and investment and mutual growth between the...
The Egyptian Cabinet approved several key decisions, including a draft resolution to establish the National Medical Tourism Council. The new council, to be chaired by the Deputy Prime Minister for Human Development, is tasked with regulating the medical tourism sector and enhancing the quality of associated services, with the ultimate aim of positioning Egypt as a competitive global destination for healthcare tourism.

Egypt to Boost Medical Tourism

(3 Minutes Read) The council will convene at the invitation of its chairperson at least once every three months, or as needed. Should the Prime...
The Ministry of Finance announced that Egypt’s tax revenues recorded a significant increase of 38.4%, equivalent to EGP 342.4 billion, during the period from July to February of FY2024- 25. Total tax revenues reached EGP 1.234 trillion, compared to EGP 892 billion during the same period last year.

Egypt’s Tax Revenues Record Significant Rise

(3 Minutes Read) The Ministry attributed the rise to the comprehensive growth across all types of tax collections, driven by the recovery of economic activity,...
Egypt is among six Arab countries expected to face a “significant” impact if US President Trump’s proposed tariff measures are fully implemented, according to a new policy brief from the United Nations Economic and Social Commission for Western Asia (ESCWA).

Egypt to Get Adversely Affected by US’s Proposed Tariff

(3 Minutes Read) The report, titled United States Tariff Shockwaves: Impacts on the Arab Region, defines a significant impact as when 5% or more of...
The International Monetary Fund (IMF) says countries across the Middle East and North Africa will face significant challenges to economic growth due to tariff measures. In its outlook report for the MENA region, the United Nations financial agency says Brent crude oil prices, down from highs above USD 120 a barrel in 2022, are likely to be USD 65 to USD 69 per barrel in 2025 and 2026. This will make energy-exporting economies vulnerable to market fluctuations, it adds.

MENA Countries to Face US Tariff Backlash: IMF

(3 Minutes Read) Tariff plans by the U.S. and other countries and geopolitical tensions have also created mounting global uncertainty. This will weigh down on...

RECENT POSTS