The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
Bahrain’s King has urged Moscow to play a role in peacekeeping in the Middle East, while also Uganda and the Comoros have have recently held discussions with Russia on security issues affecting Africa and the possibility of resolving conflicts in the region, reflecting Russia’s expanding influence on the continent. During a recent official two-day visit […]
Morocco’s trade deficit up to June surged to 150.5 billion dirhams or 14.6 billion dollars as the country sustains a heavy energy bill on the back of soaring commodities prices. The trade gap expanded 48.7% as the domestic economy recovers and demand grows on imports of semi-products and equipment required by the local industry increase. […]
