The Central Bank of Egypt (CBE) has reported an increase in net international reserves, up to $46.941bn in October 2024, compared to $46.736bn in September, a rise of approximately $205m. Egypt’s foreign reserves consist of a basket of major international currencies, including the US dollar, the euro, the British pound, the Japanese yen, and the Chinese yuan. Egypt’s holdings in these currencies are allocated based on exchange rates and their stability in global markets, with adjustments made according to a strategic plan set by CBE officials.
Egypt and Russia have concluded their joint naval exercise, Bridge of Friendship, held over several days in the Mediterranean, according
Said Naciri, former chairman of Wydad Casablanca and a senior member of Morocco’s ruling coalition, denied in court Friday
Algeria is making headway in diversifying its economy beyond hydrocarbons, tripling non-oil exports to $5.1 billion in 2023, according
In a phone call on Saturday, President Abdel-Fattah El-Sisi and Jordan’s King Abdullah II discussed the current situation in
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