Palestinians slaughter in gaza

Morocco’s ONEE, Germany’s KfW seal €50 Mln loan deal to finance drinking water supply program

The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]

China deepens ties with South Africa, Saudi Arabia in pushback against U.S. tariff escalation

As tensions surge between the world’s two largest economies, China is ramping up its global diplomacy, holding strategic talks with Saudi Arabia and South Africa to counterbalance the United States’ sweeping new tariffs. China’s commerce minister Wang Wentao recently held virtual meetings with his counterparts in Saudi Arabia and South Africa, focusing on responses to […]

EBRD forecast: Morocco’s economy to grow 5% in 2021 & 3% in 2022

The European Bank for Reconstruction and Development expects Morocco’s economy to rebound by 5 per cent in 2021, before moderating to a growth of 3.2 pc in 2022. In its latest Regional Economic Prospects report released Thursday, the Bank says the success of Morocco’s vaccination campaign will lead to faster reopening of the economy, despite […]