The Chief Executive Officer of the African Union Development Agency, Nardos Bekele-Thomas, welcomed on Wednesday in Rabat Morocco’s commitment to African integration. In a statement to the press following talks with Minister of Foreign Affairs, Nasser Bourita, the African Union official hailed the Kingdom’s support for the work of her agency. The African […]
Authority Chief Mohab Mameesh has said that the second parallel waterway project of the Suez Canal will be completed in August and gave assurances that the transit toll will be not be increased. The cost of the project is around $8.2billion. The Suez Canal is one of the busiest water corridors in the world and […]
Fitch Ratings agency has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook due to favorable debt composition, reasonably comfortable external liquidity buffers and a record of macroeconomic stability. In 2021, Morocco’s GDP growth rebounded to 7.4%, after contracting by 6.4% in 2020. “We forecast growth to decelerate to 1.1% […]
