Lackluster growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East are impacting economies across the Middle East and North Africa (MENA) region, says a new report by the World Bank. According to the World Bank’s MENA Economic Update, the regional economies are expected to return to low growth akin to […]
“How much do you want to drop your book project on Morocco and monarchy?” asked the lawyer of King of Mohammed VI, addressing French journalist Eric Laurent. “I want three,” replied bluntly Laurent. “Three what ?- three thousand ?” asked the lawyer . “No, three million,” said Laurent. “Three million dirhams?” asked the lawyer “No, […]
The International Monetary Fund (IMF) raised its 2016 growth forecast for the Middle East and North Africa on the backdrop of a slight increase in oil prices, but maintained its cautious outlook for Saudi Arabia. The Washington-based Fund said in its July 2016 World Economic Update report that the Middle East, along with Pakistan and […]
