Economy
Algeria’s southern regions, rich in natural resources like oil, gas, and minerals, present a stark paradox. While these areas are the backbone of the nation’s economy, they remain impoverished and underdeveloped, raising critical governance and security concerns both domestically and across......
Morocco has rapidly emerged as one of the leading markets for Russian wheat exports in recent years, joining other growing destinations such as Nigeria, Kenya, Libya, Tunisia, and Tanzania. Dmitry Sergeyev, chairman of the Russian Union of Grain Exporters and Producers, highlighted this trend in an interview......
Morocco has significantly increased its imports of vegetable oils, particularly sunflower oil, in recent years. This shift in consumption patterns is largely driven by inflation and changing consumer preferences. According to a report from the Russian Federal Center for the Development of Agricultural......
The signing of this agreement highlights the commitment of Morocco and Libya, under the enlightened leadership of His Majesty King Mohammed VI and the President of the Libyan Presidential Council, Mr. Mohamed Al-Menfi, to enhance their sectoral cooperation. Their aim is to create mutually beneficial......
Unilever has inaugurated its new offices at Casablanca Finance City (CFC), marking a significant expansion of its presence in Morocco. This strategic move builds upon the company's century-long history in the country and demonstrates its ongoing commitment to the North African market. The establishment......
In 2024, global crude oil exports experienced a 2% decline, marking the first decrease since the COVID-19 pandemic, according to shipping data. This reduction is attributed to slower demand growth and significant changes in refinery operations and pipeline routes. The global oil market has faced disruptions......
Morocco and Libya are set to restore direct air routes in 2025, marking the end of a decade-long flight suspension between the two North African nations. The announcement emerged from high-level talks in Rabat between Libyan Unity Government's Transport Minister Salem Al-Shahoubi and Moroccan Minister......
Libya and Morocco are taking significant steps to reconnect their transportation networks, with plans to resume air travel and establish new maritime routes in 2025. This development marks a potential end to a nine-year suspension of direct flights between the two North African nations. During high-level......
The Economic Commission for Africa (ECA) has concluded a significant policy dialogue in Rabat, Morocco, focusing on empowering women-led small and medium enterprises (SMEs) across North Africa. The two-day high-level meeting marked the culmination of a comprehensive two-year initiative aimed at strengthening......
Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......
Morocco continues to strengthen its energy security by importing Russian natural gas, showcasing a strategic approach to its energy needs. Despite global geopolitical tensions and sanctions against Russia, the kingdom has maintained a steady supply of liquefied natural gas (LNG) from the country for......
The Libyan economy is at a critical juncture as a contentious dispute over the control of the central bank escalates, drawing urgent responses from both the United States and the United Nations. This power struggle, occasionally violent, poses a significant threat to Libya’s already precarious......
