Morocco’s unemployment rate rises to 13.3% in 2024
Morocco's unemployment rate has risen to 13.3%, marking a black spot on an otherwise thriving economy. According to Middle East...
Economy
Tunisia pays off $1bn in foreign loans
Tunisia has paid off $1.18bn of foreign loans this month as the country struggles to control its heavy debts. According...
Libyan agency calls for pause in public sector appointments
The Libyan state agency mandated to oversee government performance has called for the halting of appointments and contracts in the...
Egypt inflation expected to ease to 24.2% in December
Inflation in Egypt is expected to have eased to 24.2% in December as food prices continued to cool, according to...
Tunisia: Tourism revenue surges to $2.3bn
Tunisia's tourism revenue's have grown by a significant 7.8 percent in 2024, to $3.2bn, according to the MiddleEastMonitor on December...
Developing countries spend record amount on foreign debt
Developing countries across the world collectively spent a record $1.4tn to meet their foreign debt obligations in 2023, according to...
Algeria on track to triple its rail network by 2030
Algeria is on target to triple its rail network by 2030 in a move to boost national economic growth and...
Tunisia: Challenges lurking in the economy for Saïed’s new term
The economy still poses major challenges for Tunisia and its re-elected president Kaïs Saïed, according to AfricaNews. Public debt, unemployment...
Tunisian MPs propose stripping central bank of interest rate power
A bill proposed by Tunisian lawmakers on October 18th would end the country's central bank's power to adjust interest rates...
Morocco prepares to launch “e-dirham” digital currency
Morocco is preparing to launch the "e-dirham", the first kind of digital currency in the country with hopes of reforming...
France to finance Morocco’s Sahara power link
France-Morocco relations improve after France prepares to finance a power link between Morocco and Western Sahara, according to Reuters on...
Israel’s latest strike on Iran sparks currency fluctuations
The international currency fluctuations caused by Israel’s latest strike on Iran have now settled due to Tehran’s lack of retaliation,...
Can IMF help drought affected countries in Africa?
The International Monetary Fund (IMF) is examining ways of giving financial assistance for African countries that have been devastated by...
Algeria boosts subsidies to prevent Ramadan shortages
The government of Algeria has announced that it will take measures in order to prevent fuel and food shortages during...
EU makes “strategic partnership” deal with Egypt
The European Union announced a €7.4 billion funding package to Egypt to stem migrant flows to Europe, criticised by rights...
