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Morocco’s free trade agreements deepen trade deficit despite export gains

Morocco’s ambitious free trade strategy has expanded market access and boosted key export sectors, but widening trade deficits with major partners raise questions about the agreements’ overall economic impact, according to new analysis. The kingdom’s imports under free trade agreements reached 207.8 billion dirhams ($20.4 billion) in 2022, climbing 20.9% from the previous year, with […]

Iran-France: Tehran opens up to French Accor group

Iran has allowed French Accor Hotels Group to start business in the Islamic country with the opening of two hotels near Tehran’s international airport. CEO of the group who made the announcement Monday said Accor would be the first Western hotel group to establish in Tehran following the historic Vienna Pact. The CEO of the […]

Kenyan MPs demand more details on secret $5bn railway loan deal with China

Some Kenyan lawmakers are demanding to see more documents from a secret $5bn loan agreement with a Chinese bank that financed a cross-country railway, with critics of the deal blaming the government of the day for having given too much legal authority to China. The 2011 agreement was shielded from public view until Kenya’s transport […]