German Ambassador to Rabat Götz Schmidt-Bremme

Algeria’s economy in the red after oil price drop

Algeria will have to further tighten the belt as barrel prices drop to below $60, boding ill for its export, fiscal deficit, and social peace. Algeria has based its 2025 budget on a barrel price of $70, with over 90% of the country’s economy dependent on oil, gas and byproduct exports. International risk consultancies are […]

Morocco Set to Become ‘Main Economic Hub’ in Africa- AfDB

The African Development Bank (AfDB) issued a report on Morocco’s efforts to strengthen economic ties with African countries, noting that the Kingdom is steadily becoming a main economic hub in the continent. The report dubbed “Analysis of Morocco’s Trade Policy,” sheds light on the progress of Morocco’s trade with Africa and recommends lowering custom duties […]

Egypt to sign four deals for car manufacturing

Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, a statement from the office of Prime Minister Mostafa Madbouly said, without specifying the names of the concerned companied. The statement came following a Cabinet meeting on Tuesday November […]