migrants detention center in Libya

Morocco’s trade deficit eases 23.1%, tourism receipts halve

Morocco’s trade deficit shrunk 23.1% as the pandemic lowered both imports and exports with tourism being the worst hit sector. Tourism revenues dropped 53.8% to 36.3 billion dirhams from 70.7 billion dirhams in 2019 when Morocco received 13 million people. Imports bill dropped 14% thanks in particular to lower energy imports and fewer equipment imports […]

Morocco set to foster its merchant marine fleet

Morocco is stepping up efforts to build a competitive merchant fleet in line with the country’s Atlantic ambitions and port investments. Transport minister had told MPs last week his department was set to promote investments aiming at bolstering Morocco’s commercial marine fleet. The announcement came after King Mohammed VI urged transforming Morocco’s Atlantic coast into […]

Libyan & Tunisian Central Banks sign cooperation agreement

The Central Bank of Libya (CBL) and its Tunisian counterpart BCT have inked a Memorandum of Understanding (MoU) for cooperation in many areas including fintech, Libya Herald reports.   The MoU, according to the CBL, provides for the transfer of experience of Tunisia’s Central Bank in the field of developing financial transactions (Fintech), and the […]