Hezbollah training Polisario

Morocco’s 2024 budget forecasts 3.7% growth, fiscal deficit at 4%

The Moroccan government expects an economic growth of 3.7% and a narrowing of the fiscal deficit to 4% next year, according to a draft buddget that was approved by a ministerial council chaired this Thursdau by King Mohammed VI. The earthquake that struck on Sept 8 had no impact on the macro-economic assumptions of the […]

Spanish Binter airliner launches Gran Canaria-Fez air route

Canary-based carrier Binter has announced the launch of a new air route connecting Gran Canaria to Fez from next July. Between July 2 and September 17, the airliner will operate the air connection every Saturday between the two cities, the company said in a statement. The flights will be provided by an ATR 72 aircraft […]

World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]