Morocco: Central Bank raises rates to 2.5 % & expects growth to reach 3pc in 2023

Morocco’s central bank has decided to raise its key rate by 50 basis points to 2.5pc due to inflation upward trends and external pressures that spread to non-tradable goods and services and to the implementation of the subsidy system reform starting 2024. During last quarterly meeting held Tuesday in Rabat, the Board of Bank Al-Maghrib […]

Libya: At least 53 migrants, including infants, dead or missing after boat capsizes off Libya

At least 53 people, including two babies, are dead or missing after an inflatable migrant boat sank off the Libyan coast, the International Organization for Migration (IOM) reported on Monday. The vessel, carrying 55 African migrants, departed from the western Libyan town of Zawiya shortly before midnight on Thursday and began taking on water about […]

Reports show murdered Swiss tourist in Algeria has throat slit in front of her children

New reports showed that the Swiss tourist who was murdered earlier this month had her throat slit before her children in front of a café in southern Algeria. The murderer shouted “long live Palestine” as he killed the Swiss tourist in the desert city of Djanett, where Algeria aspired to promote tourism without offering the […]