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IMF Slightly Upgrades Growth Forecast for MENA Region
The International Monetary Fund (IMF) raised its 2016 growth forecast for the Middle East and North Africa on the backdrop of a slight increase in oil prices, but maintained its cautious outlook for Saudi Arabia. The Washington-based Fund said in its July 2016 World Economic Update report that the Middle East, along with Pakistan and […]
Morocco’s Al Mada plans expansion in the African food market
Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]
Morocco, Congo Agree to Convene Joint Cooperation Commission
Morocco and Congo have agreed to convene the Joint Cooperation Commission in the coming months, to boost and diversify the scope of their cooperation. The decision was made by the two countries’ Foreign Ministers, Nasser Bourita and Constant-Serge Bounda, during a meeting they held in Rabat on Tuesday. During their talks, described as fruitful, the […]



