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World Bank sees Morocco economy holding firm despite external shocks

Morocco’s economy is expected to remain resilient in 2026, supported by domestic recovery drivers and ongoing structural reforms, even as geopolitical tensions in the Middle East weigh on the wider region, the World Bank said in its latest economic update. In its Middle East, North Africa, Afghanistan and Pakistan (MENAAP) Economic Update, the World Bank […]

Tunisia Secures $830m Assistance from Saudi Arabia

Tunisia has secured an $830 million assistance from Saudi Arabia that will help it face up the economic and financial hardships it has been encountering since 2011. The announcement was made by Tunisian Prime Minister Youssef Chahed Saturday following a visit to Saudi Arabia. Out of the amount provided by Riyadh, $500 million will be […]

EBRD Lends €16 Mln to Varroc Lighting Systems Morocco

The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]