Infantino Lakjaa

IMF Slightly Upgrades Growth Forecast for MENA Region

The International Monetary Fund (IMF) raised its 2016 growth forecast for the Middle East and North Africa on the backdrop of a slight increase in oil prices, but maintained its cautious outlook for Saudi Arabia. The Washington-based Fund said in its July 2016 World Economic Update report that the Middle East, along with Pakistan and […]

Morocco emerges as African wealth hub despite persistent inequality

Morocco has solidified its position among Africa’s leading wealth centers with 7,500 millionaires, representing a 40 percent increase over the past decade, according to the Africa Wealth Report published recently. This growth trajectory places the kingdom third continentally, behind South Africa’s 41,100 millionaires, Egypt’s 14,800, and ahead of Nigeria’s 7,200 wealthy individuals. Casablanca remains Morocco’s […]

Tunisia prolongs state of emergency for an additional month

President Kais Saied Wednesday extended for one month the state of emergency in place since November 2015 after a suicide attack killed a dozen of forces from the presidential guard. The office of the President said the measure is starting as of April 30. The state of emergency, in place since late November 2015, has […]