Coronavirus-barrage

China Strengthens Economic Footprint in Morocco with Setting up of Economic Zone in Fez

Morocco and the China Association for Industrial Cooperation (CAIC) have agreed to set up an economic zone in Fez offering a platform for various industries. The deal is reflective of China’s increasing interest in Morocco notably after the Kingdom signed with China’s Haite Group an agreement to set up a $10 billion industry and technology […]

Post-Covid-19: AfDB forecasts 4% GDP growth in Morocco in 2021

The African Development Bank (AfDB) expects a 4 pc GDP growth in Morocco in 2021 after the country’s economic activity was affected like other countries around the world by the Covid-19 pandemic. In its “African Economic Outlook 2020 – Supplement”, the African Bank says Morocco’s budget and current account deficits should improve next year, respectively […]

Egypt to sign four deals for car manufacturing

Egypt’s Supreme Council for Vehicle Manufacturing is set to sign four partnership agreements with various companies, within a few days to manufacture automobiles in the country, a statement from the office of Prime Minister Mostafa Madbouly said, without specifying the names of the concerned companied. The statement came following a Cabinet meeting on Tuesday November […]