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Israel’s I.M.S Ovadia Group Ltd to invest $500 million in Moroccan health sector

Morocco’s health ministry and Israel’s IMS Ovadia Group signed a Memorandum of Understanding to build 5 hospitals in the country for a total cost of 5 billion dirhams ($500 mln). The deal is part of Morocco’s efforts to improve health services and bridge the gap in bed capacity between regions. The five new hospitals will […]

Mauritania: President Wants Suppression of Senate

President Mohamed Ould Abdel Aziz of Mauritania Tuesday proposed the suppression of the Senate, which, he said, obstructs laws adoption. He called for a national referendum to decide over the move while giving three to four weeks to opposition parties to decide whether they will take part in the vote. “We are calling on the […]

Morocco’s Central Bank pauses monetary tightening as inflation eases

Morocco’s central bank pauses its monetary tightening as inflation is expected to further drop to 2.6% in 2024 from 6% in 2023 amid preparations for reconstruction in earthquake-hit areas. Speaking to the press Abdellatif Jouahri highlighted the uncertainties of the global economy and the need for vigilance, adding that holding the key interest rate as […]