The ongoing Gaza conflict has severely affected Egypt’s economy, leading to a sharp 70 percent drop in Suez Canal revenues Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said. In an interview with Youm7, Georgieva acknowledged Egypt’s commitment to advancing crucial economic reforms despite the challenges posed by regional instability. Georgieva announced plans […]
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million loan to Morocco Mobility and Automotive Centre (ATC), a Moroccan company involved in automotive testing. EBRD said in a statement that the funds will help ATC acquire equipment to set […]
Morocco finds itself at the center of a quietly intensifying competition between two East Asian economic powerhouses — Japan and South Korea — each moving rapidly to deepen political, industrial, and commercial ties with the Kingdom, with Africa as the strategic backdrop, stated Aujourd’hui le Maroc in an article published Monday. Within a matter of […]
