Moroccan sahara

Some 38% of Moroccan enterprises reduced staff due to pandemic

The pandemic and the restrictive measures related to it have taken a toll on Moroccan firms with 38% having been forced to cut staff while 8% have suspended activity waiting for better conditions, Morocco’s statistics agency (HCP) said. Some 83% of all enterprises maintained business despite Covid-19 while 2.2% halted activity all together, the agency […]

Egypt: Bombardier to lead Cairo’s 2 monorail lines construction

The Egyptian government has assigned a Bombardier-led consortium to build its monorail system in a contract valued at $4.5b. Bombardier and its partners, Orascom Construction and Arab Contractors, will build and maintain the system aiming to decongest the Egyptian capital and ease commute for its 20 million inhabitants. The system will be made of two […]

Fitch Expects 4.1% Growth in Morocco in 2026 Despite Some U.S.-Iran Spillover

Morocco’s GDP growth will continue to exceed 4.0% in both 2026 and 2027, despite negative spillovers from the US-Iran conflict, according to the forecast of Fitch Solutions, which provides credit, economic, financial data, research and analytics used by financial institutions, corporations and governments. “We forecast growth of 4.1% each year, broadly in line with consensus. […]