Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]
The European Investment Bank (EIB) will loan Egypt by year’s end €1.1 billion in form of financing package for the implementation of three transport projects in the Arab country. The package will come in two installments. The first tranche will take place in December and valued at €600 million, the Egyptian cabinet said in a […]
Algeria came under harsh criticism at the Tobruk-based Parliament for its role in spreading chaos in the country and its meddling in Libya’s internal strife. In an address before MPs in Tobruk, Ahmed Al Mismari, Spokesperson for the Libyan National Army (LNA) Commanded by renegade General Khalifa Haftar, blamed Algeria for contributing to the worsening […]
