Social welfare protection to cover all Moroccans in five years

Morocco will expand social welfare protection to all its citizens within five years through a gradual approach, said Finance Minister Mohammed Benchaaboun, after King Mohammed VI urged in the State of the Nation speech on July 29 speeding up such a national project. Benchaaboun said the plan will proceed gradually with the first phase (2021-2023) […]

Former US envoy advises Tunisian leader to refrain from following footsteps of late Ben Ali

Former US ambassador to Tunisia Gordon Gray has urged the President Kais Saied  not to take a leaf out of ex- autocratic Ben Ali’s book, noting that the incumbent Tunisian leader has a disdain for democratic institutions and disregard for the economy. “In August, I warned that Saied seemed to be following in Ben Ali’s […]

Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]