King Mohammed VI Takes Part in First Morocco-GCC Summit

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Vision 2030 to Make KSA Live Without Oil, Prince Mohammed

Deputy Crown Prince Mohammed bin Salman announced Monday a large-scale reform plan dubbed Vision 2030 meant to restructure the kingdom’s economy and ministerial departments, reform the educational system, and give long term residency permits to foreigners, among others. Yet, the most outstanding announcement he made is the creation of a $2 trillion Sovereign Wealth Fund […]

UN Renews Support to Dialogue between Morocco, Algeria

King Mohammed VI’s call for Algeria to open a frank and direct dialogue to overcome divergences between the two neighboring countries continues to garner support at the international level. The support for the royal initiative was renewed on Thursday by the United Nations. “We have always been very supportive of increased dialogue between Algeria and […]