Morocco-renewables

Red Sea attacks to shrink Africa’s trade volume, worsen its macroeconomic stability — report

Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]

Morocco’s spending on subsidies halved by April

Morocco’s spending on subsidies of basic consumer goods dropped to 2.2 billion dirhams by April, from 5 billion dirhams the same period last year. The drop in subsidies bill was mainly ascribed to the 68% decrease in the cost of butane gas as well as sugar prices. Morocco also subsidies flour. Therefore, it is expected […]

Kuwait’s Emir calls for settling “unacceptable & damaging” Gulf dispute

The Emir of Kuwait has called for the settlement of the Gulf dispute that he described as “unacceptable” and “damaging”. Addressing the opening session of parliament’s new term on tuesday, Sheikh Sabah al-Ahmad Al-Sabah said the damaging 30-month-old dispute between Qatar and its Gulf neighbors “is no longer acceptable” and must be resolved. The Gulf […]