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Palestinian fiscal crisis deepening, WB warns

The World Bank has warned that the fiscal crisis in the Palestinian territories is deepening, urged donors to take urgent action to face up the situation and called for lifting the barriers preventing the private sector development. In a report on Palestinian economy monitoring released Wednesday, the international financial institution underscores the key role a […]

Morocco to spend $220 mln in aid to pandemic hit tourism sector

Morocco has approved a package of 2 billion dirhams ($220 million) to help the tourism sector manage the fallout of the pandemic, the tourism ministry said. The emergency aid was approved in a meeting attended by the head of the government, tourism minister, and finance minister. The package aims to mitigate the impact of a […]

Morocco mulls EV battery factory- minister

The next step in the expansion of Morocco’s automotive sector is the setting up of an electric vehicle battery plant to build on existing raw material and meet a rising demand in the domestic and international market, industry minister Ryad Mezzour said. The ministry is negotiating with several manufacturers the setting up of such a […]