ITFC

Morocco joins EU mechanism to monitor Tindouf aid

Morocco’s integration into the EU’s new mechanism for monitoring humanitarian assistance to the Tindouf camps marks a major policy shift, giving Rabat a formal role in scrutinizing the use of European funds and food aid. The EU–Morocco arrangement, published on January 28, establishes a regular control mechanism jointly managed with Rabat to ensure that aid reaches […]

Morocco forecasts a 4.6 % economic growth in 2025

Morocco forecasts economic growth to rise to 4.6% in 2025, based on current assumptions, Economy and Finance Minister, Nadia Fettah, said in Rabat on Thursday. The official, who was presenting the 2024 Budget execution, the 2025 finance bill framework and the three-year budget plan for 2025-2027 at a joint meeting of the finance committees of […]

Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project

A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]