Economy and Investment - Page 2
76 articles
Mauritania and Italy Advance Agricultural Project in Brakna Region
Mauritania's Ministry of Agriculture is preparing a joint project with Italy to develop up to 20,000 hectares in Brakna, aiming to boost wheat and vegetable production and strengthen food security through new irrigation infrastructure.
Algeria Rises to 8th Largest Importer of Egyptian Food Products
Algeria has become the eighth largest global importer of Egyptian food products, with imports rising 29% to $159 million between January and July 2026, reflecting deepening trade ties and shifting regional market dynamics.
Saudi Companies Eye Entry into Libyan Market for Strategic Partnerships
Major Saudi companies are preparing to enter the Libyan market, with plans for bilateral meetings aimed at exploring cooperation and forming strategic partnerships. The move signals growing economic engagement between Libya and Saudi Arabia across multiple sectors.
Egypt Finalises Arrangements for Xi Jinping's State Visit
Egypt's government has completed preparations for Chinese President Xi Jinping's upcoming visit, aiming to deepen bilateral cooperation and mark 70 years of diplomatic relations. The visit is expected to advance joint projects and investment opportunities.
Germany Deepens Strategic Energy and Security Ties with Algeria
Germany's foreign minister has identified Algeria as a key strategic partner for Berlin, with new agreements on natural gas, green hydrogen, and security cooperation set to reshape energy flows and regional stability.
Mauritania Caps Financial Transfer Tax at 200 MRU for All Transactions
Mauritania's tax authority has set a maximum limit of 200 new ouguiyas on the tax applied to financial transfers, regardless of the transaction amount. The measure, effective by 1 September, aims to standardise costs for bank clients and ensure regulatory compliance.
Egypt's FRA advances roadmap for sustainability disclosure standards
Egypt's Financial Regulatory Authority has presented a draft roadmap for phased implementation of IFRS sustainability disclosure standards, aiming to align national frameworks with international norms and enhance market transparency for investors.
Egypt issues 907 livestock licences and expands National Veal Project
Egypt's Ministry of Agriculture issued 907 new operating licences for livestock, poultry, feed, and dairy projects in August, while allocating EGP 59.85m in fresh financing to the National Veal Project, supporting small breeders and expanding cattle production.
Egypt weighs solar expansion and green finance in local development
Egypt's government is considering a broader rollout of solar power and energy-efficiency technologies across agriculture, industry and services, aiming to cut energy use and emissions. Officials are also exploring green finance and community-led initiatives.
Libya Seeks to Localise Prosthetics Industry with International Partners
Libya is advancing plans to localise its prosthetics industry by attracting international companies, aiming to transfer expertise, develop local skills, and reduce reliance on treatment abroad. The initiative could strengthen national healthcare capacity.
Oil Prices Fall Back as Brent and WTI Head for Weekly Losses
Oil prices declined on Friday, 28 August 2026, erasing part of the previous session's gains. Both Brent and WTI benchmarks are set to close the week lower, reflecting ongoing volatility and concerns over global demand.
Misrata Chamber of Commerce Engages Chinese Petroleum Delegation
The Misrata Chamber of Commerce hosted a delegation from the Chinese Chamber of Commerce for Petroleum Industries to discuss expanding economic and investment cooperation, with a focus on energy, industrial projects, and technology transfer in Libya.
Libya Explores KPMG Partnership to Advance Industry and Mining
Libya's Ministry of Industry and Minerals is seeking to leverage KPMG's international expertise to develop industrial and mining sectors, focusing on strategic planning, investment mapping, and institutional efficiency to boost competitiveness.
Libya and Spain Prepare for Libyan-European Energy Forum in Madrid
Libya's General Union of Chambers of Commerce and the Spanish Ambassador have agreed to deepen economic ties and coordinate for the third Libyan-European Oil, Gas, and Energy Forum in Madrid, aiming to boost Spanish participation and bilateral cooperation.
Libyan Experts Forum Sets Out National Development Priorities
The first Libyan Experts Forum in Tripoli concluded with recommendations to accelerate digital transformation, health sector reform, and infrastructure upgrades, aiming to strengthen state capacity and support Libya's economic diversification.
Libya's Foreign Currency Usage Rises 4.2% to Nearly $16 Billion by July
The Central Bank of Libya reports that banks used US$ 15.987 billion in foreign currency from January to July 2026, a 4.2% increase over the previous year, raising concerns about reserve depletion and the political sensitivity of currency allocation.
Egypt Plans 'Qeema' Certificate to Tie Industrial Incentives to Performance
Egypt's Ministry of Industry is considering a new 'Qeema' Certificate system that would link government incentives for industrial firms to their performance, aiming to deepen local manufacturing and improve the effectiveness of Egypt's product preference policy.
Algerian Banks Cut Fees and Expand Online Use for €750 Travel Allowance
Algerian banks have reduced international card issuance fees and now allow the €750 annual travel allowance to be used for online payments abroad, aiming to modernise banking services and ease access for travellers.
Algeria Slashes Banana Prices as Government Tightens Import Controls
Banana prices in Algeria have dropped from 850 to around 420 dinars per kilogram after the government imposed strict import regulations and expanded the pool of licensed importers, aiming to curb speculation and restore market stability.
Germany Commits €35 Million to Mauritania for Skills and Coastal Protection
Mauritania and Germany have signed a €35 million financial cooperation agreement to support technical and vocational training, protect coastal biodiversity, and strengthen the blue economy, reflecting deepening bilateral ties and regional development priorities.
Egypt, China advance pesticide production localisation and technology transfer
Egypt's Ministry of Agriculture and China's ICAMA are deepening cooperation to localise pesticide manufacturing, transfer technology, and build regulatory capacity, aiming to boost Egypt's self-sufficiency and support sustainable agricultural development.
MSMEDA and Startup Egypt sign deal to boost startup support
Egypt's MSMEDA has signed a memorandum of understanding with Startup Egypt to expand technical and financial support for startups, aiming to strengthen the entrepreneurship ecosystem and improve access to resources for early-stage businesses.
Libya's Central Bank and Government Reaffirm Unified Spending Commitment
Libya's Central Bank Governor Naji Issa and Prime Minister Abdel Hamid Aldabaiba have reiterated their commitment to the US-brokered Unified Spending Agreement, aiming to strengthen fiscal and monetary coordination and ensure compliance with agreed financial measures.
Zliten Launches EU-Backed Fish Market and Laboratory to Boost Fisheries
Zliten has inaugurated a new fish market and experimental laboratory, part of the EU's REBUILD programme, aiming to modernise Libya's fisheries sector, strengthen supply chains, and support economic diversification beyond hydrocarbons.
Egyptian Industry Minister Reviews Key Manufacturing Sites in Damietta
Egypt's Industry Minister Khaled Hashem and Damietta Governor Hossam El-Din Fawzi toured major factories in Damietta, highlighting government efforts to deepen local manufacturing, support exports, and strengthen Egypt's industrial base in furniture, fertilizers, and textiles.
Egypt's Investment Risk Rating Hits Lowest Level Since 2014
Egypt's investment risk rating has dropped to its lowest point in a decade, according to Finance Minister Ahmed Kouchouk, as international investors respond positively to recent economic reforms and renewed private sector growth.
Algeria Hits Three-Year High in Natural Gas Production for 2026
Algeria has raised its natural gas output by 4.2% in the first half of 2026, reaching 54.01 billion m³-the highest level in three years-strengthening its role as a key supplier to Europe amid ongoing energy market pressures.
Libya's National Development Agency Seeks Renewable Energy Investment in Cyprus
Libya's National Development Agency has held talks in Cyprus to explore investment in solar and energy storage projects, aiming to address severe power shortages in eastern Libya and diversify the country's electricity sources.
Gold Prices in Egypt Surge 5.8% Amid Currency Pressure
Egyptian gold prices climbed 5.8% last week, reaching an 11-week high as global gold rallied and the Egyptian pound weakened against the US dollar. The move reflects both international market dynamics and shifting local demand.
Egypt Targets Two-Day Customs Clearance to Boost Trade Efficiency
Egypt's Ministry of Investment and Foreign Trade is working to cut average customs clearance times from 16 days to just two, aiming to strengthen the competitiveness of Egyptian exports and improve supply chain efficiency through digitalisation and regulatory reforms.
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