fishing boats in Libyan waters

WB expects Morocco’s growth to reach 2.5% in 2023 & 3.3% in 2024

Morocco’s economic growth is expected to reach 2.5 pc in 2023 before rebounding to 3.3 pc in 2024, according to the World Bank’s latest Global Economic Prospects report. The persistent drought and high inflation are weakening growth in Morocco, with unemployment rising to above its pandemic peak in March 2023, said the WB. However, growth […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]

Morocco exposes Algeria’s ‘double speak’ on MINURSO and human rights

Morocco had expressed its firm rejection of Algeria’s double speak as it desperately seeks to expand the mandate of the UN mission to the Sahara, MINURSO, to include human rights. Speaking in a public debate at the Security Council, Algeria’s representative to the UN, reiterated his country’s call for the MINURSO to include human rights […]