SAID-CHITOUR

Morocco’s Economy to Post 4.2% Growth in 2017- Central Bank

Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]

Algeria wants global effort to end price fall

Algeria is trying to rally members of the Organization of Petroleum Exporting Countries (OPEC) as well as non-members to work towards stopping the fall of oil prices. President Bouteflika has sent messages to more than 10 countries regarding the issue and Energy Minister Youcef Yousfi met with Angola’s Oil Minister Jose Maria Botelho de Vasconcelos […]

Green Finance: $200 Mln Chinese loan for Morocco’s climate resilience

The Asian Infrastructure Investment Bank (AIIB) has approved a $200 million loan to support Morocco’s resilience efforts to mitigate the social and economic impacts of climate change. The loan is part of a co-financing programme with the World Bank, which has already committed $350 million. The funding will enable Morocco cut greenhouse emissions, carry out […]