Moroccan government on Monday cut its economic growth forecast for this year to less than 2 percent from 3 percent, as the North African kingdom experiences its worst drought in three decades. Morocco’s economy grew 4.7 percent year-on-year in the fourth quarter of 2015, up from 2.2 percent in the similar 2014 period thanks to […]
In the shadow of last week’s devastating assault that claimed 900 lives, M23 rebels have announced a unilateral ceasefire in eastern Congo. The declaration comes as aid organizations scramble to reach hundreds of thousands of displaced civilians in and around Goma, a mineral-rich city of two million now under rebel control. Behind the streets where […]
The Central Bank of Egypt (CBE) announced on Sunday that the country’s net international reserves reached a historic 50.07 billion U.S. dollars by the end of October, up from 49.53 billion dollars in September. This marks the highest level of foreign reserves in Egypt’s history, reflecting the impact of ongoing financial reforms and a resurgence […]
