India-Africa trade gains momentum, projected to cross $100 billion in 2024

Trade between India and Africa increased by 9.3% between fiscal year 2021/2022 and 2022/2023, reaching $98 billion, according to India’s external affairs minister, as more than 30 African countries have benefited from India’s duty-free tariff preference (DFTP) scheme for least-developed countries. Speaking at the Confederation of Indian Industry (CII) and Exim Bank of India conclave […]

Automotive sector tops Morocco’s exports, cuts deficit

Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy imports, the foreign exchange office said. Imports dropped to 358 billion dirhams, while exports rose to 221 billion dirhams leaving a deficit of 138 billion dirhams. Morocco has prepared the […]

Iraq: War with ISIS could take more than 3 years

Prime Minister Haider al-Abadi has stated that the restructuration of the Iraqi army could take three years to make it effective after corruption and ghost lists where discovered when the Islamic State of Iraq and Syria (ISIS) started its offensive last year. He didn’t say how long it will take to defeat ISIS although U.S […]