Egypt : the second economic stimulus

The military backed interim government will be embarking on its second economic stimulus package with an amount of 30 billion Egyptian pounds after allocating 29,6 billion in the first operation. Finance Minister Ahmed Galal said the package will be financed by state funds and aid received from the Gulf States. Egypt’s economy has been on […]

Libya: Escalation in violence “unacceptable” – Salamé

UN Special Representative for Libya Ghassan Salamé said Friday the escalation in violence over the last 24 hours in the country was “unacceptable” and warned that that the war in Libya could turn into a regional war on the Libyan territory due to the direct and indirect involvement of non-Libyan parties in the fighting.   […]

AfDB: Morocco’s growth to rebound to 4.5 % in 2021

Morocco’s GDP is expected to increase to 4.5 pc in 2021 as the country’s economy is recovering from a 5.9 pc decline in 2020 after growing 2.5 pc in 2019, says the African Development Bank in its latest report. During the third quarter of 2020, Morocco’s exports of automotive parts and phosphate and derivatives rebounded […]