Suez-Canal

Algeria: IMF Predicts Economic Stagnation

IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]

EBRD supports Morocco’s SMEs with a €40 Million Loan to CaixaBank

The European Bank for Reconstruction and Development (EBRD) is supporting small businesses in Morocco to withstand the coronavirus pandemic impact with a €40 million loan, approximately 430 million dirham, to CaixaBank’s Morocco branch. The EBRD loan will help CaixaBank to increase much-needed funding for local small and medium-sized enterprises (SMEs) to address companies’ needs. In […]

Morocco: Another strike against terrorists affiliated to the Daesh

Morocco’s Central Bureau of Judicial Investigations (BCIJ) dismantled, on Tuesday morning, a terrorist cell affiliated to the “Daesh” organization, whose members were active in the cities of Tiznit and Sidi Slimane. This large-scale security operation carried out by elements of the special force of the rapid intervention Brigade led to the arrest of 4 extremists, […]