King Mohammed VI wearing yellow jellaba

IMF Director: Price stability is a basic condition to achieving growth; WB President eyes longer, cheaper loans

Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said on Friday that price stability is “is a prerequisite for growth and it protects people, especially the poor.” This means the fight against inflation remains paramount. In her address at the plenary session of the 2023 annual meetings of the World Bank and the […]

Nigeria to build floating LNG terminal

Nigeria has offered a license to UTM Offshore Limited to build the country’s first floating LNG terminal. The plant would use gas from an ExxonMobil oil field in the Niger Delta and would serve both as an export terminal and supply the domestic market, local media reported. The infrastructure would curb gas flaring which costs […]

Morocco’s OCP and rail operator join efforts to develop Morocco’s hotel industry

As part of overhauling Morocco’s public enterprises and improving their finances, rail operator ONCF will give up its shares in epic Mamounia hotel to phosphates fertilizers producer OCF in a new alliance that also includes Hassan II fund for economic development. Under this deal, the jewels of Morocco’s hotel industry will remain Moroccan. Besides Mamounia, […]