Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a year earlier, the finance ministry said. The deficit stood at 70.9 billion dirhams, down from 82.3 billion dirhams in 2020, a year in which Morocco imposed a three-month long lockdown […]
Head of Morocco’s BMCE Bank, the third largest bank in the country, criticized the sale of Saham insurance business to South Africa’s Sanlam as detrimental to Morocco’s interest. Speaking at a press conference, head of BMCE Othmane Benjeloun deplored the sale worth $1.1 billion on grounds that South Africa supports the Polisario separatists. “We end […]
After two years of closure, the coastal road between the east and the west of Libya has been reopened this Sunday, June 20. The road, some 370 kilometers from capital Tripoli, links the west of Libya, from its border with Tunisia, to the east towards Egypt. The reopening which took place in the presence of […]
