Lebanon

Morocco’s subsidies spending spikes to $1 bln so far this year

Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed.   This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]

Senegal’s public debt nears 80% of GDP amid fiscal strain

Senegal is facing mounting fiscal challenges as its public debt approaches 80% of GDP, driven by rising borrowing costs, persistent energy subsidies, and the lingering effects of post-COVID recovery spending. The government is under increasing pressure to balance its budget while maintaining critical social and infrastructure investments. According to a recent World Bank report, Senegal’s […]

Binter Airline Resumes Essaouira-Gran Canaria Air Route

Airline Company Binter on Saturday resumed direct flights between Essaouira-Mogador International Airport (ESU) and Gran Canaria Airport (LPA), marking its second consecutive year of summer links between the two destinations. Flights of the Spanish-regional airline will operate every Saturday until mid-September, with a 22% increase in capacity compared to the previous year. After a flight […]