EBRD

Egypt: President Sisi warns Egyptians “tough or harsh” austerity policies are ahead

Speaking at a youth forum on leadership, President Sisi informed Egyptians that the government will be introducing austerity measures when it finalizes a $12billion three-year loan agreement, probably before the end of the month, with the International Monetary Fund (IMF). For the president, “the problem is whether the public opinion is prepared to accept the […]

Morocco to Build World Largest Desalination Plant

After launching the world largest solar complex, Morocco is busy working to construct the biggest desalination plant in the globe, a landmark project to cost €309 million. The plant, to be built by Spanish company Abengoa in the city of Agadir, will be able to provide 275,000 m3 of desalinated water per day. The facility’s […]

Union of Arab Banks Underscores Resilience of Moroccan Banking Sector

The General Secretariat of the Union of Arab Banks released a study underscoring the resilience of the Moroccan banking sector, which remains insulated from external risks that could affect its performance. The Beirut-based Union added that the Banking sectors of Morocco, Jordan, Lebanon, Palestine and Sudan show high resilience thanks notably to political conditions. The […]