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Hungary Plans Investments worth $600 mln in Morocco

Hungary plans to beef up its economic ties with Morocco through investments worth $600 million in the North African country in the coming years, said Hungarian Deputy Minister for economic diplomacy, Levente Magyar. The announcement was made in a statement to the press following the 3rd Joint Economic Committee held in Rabat. The Hungarian Minister […]

Libyan rivals declare ceasefire on back of Covid-19

Amid a surge in coronavirus cases, the two warring governments in Eastern and Western Libya have declared an immediate nationwide ceasefire offering hope for a de-escalation of a conflict that has wracked the country since a 2011 uprising. It started after the UN-backed government in Tripoli, led by Fayez Sarraj, said he had instructed aligned […]

WB Confirms IMF Forecast: Morocco’s Growth to Reach 4.6 % in 2021

Morocco’s economic growth is expected to rebound to 4.6 pc in 2021 as drought conditions ease, policy remains accommodative, and virus and vaccine trends are favorable, says the World Bank in its latest report on global economic prospects. The updated WB projections, which are taking into account various external and internal factors, confirm the International […]