Business & Economy Bound

By Arezki Daoud | LinkedIn | Egypt has many powerful allies, including those in the global financial sector. No one wants to see it collapse, so money is flowing in a-go-go. Despite a dismal economic performance, global rating agencies, which acknowledge that Egypt is...

Morocco’s wheat harvest this year is likely to fall below 2.5 million tons due to a debilitating and lasting drought that has affected much of the country. To put it into perspective, during the wet season, output can reach up to 10 million tons, according to Bloomberg. Industry analysts warn that grain production in Morocco this year will drop by 39% compared to the 2023’s harvest of 4.2 million tons.

Algeria was in the spotlight at the G7 summit in Bari in Italy in mid-June. New agreements have been signed with President Tebboun. To counter the strengthening Algerian strategy on the European gas market. Morocco is trying to develop its own gas fields.

The Patriotic Front of Liberation (FPL), a rebel group based between northern Niger and southern Libya, claims to have destroyed a section of Niger’s pipeline, and issued threats against the Chinese firm managing the project.