European Parliament

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Egypt welcomed more than 7 million visitors – Tourism minister

More than 7 million tourists visited Egypt during the first half of the year, Tourism and Antiquities Minister Ahmed Issa said Monday. Issa made the announcement during a meeting with the Standing Committee for Licensing of Hotel and Tourism Facilities. He indicated that the figures were achieved thanks to the efforts of the private sector […]

COP28: Morocco gets €50 million donation from EU to promote clean energy; signs with Portugal joint declaration on electrical interconnection

Morocco, which is actively participating in the ongoing Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) in Dubai, got €50 million donation from European Union to promote clean energy and decarbonization in development sectors and signed a joint declaration with Portugal on electrical interconnection between the two countries. The […]