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Morocco: FDI Increases, Trade Deficit Deepens

The indicators of Moroccan economy showed a positive evolution in 2018. Thus foreign direct investments (FDI) amounted to 30.2 billion dirhams at the end of the first ten months of the current year, compared to 21.3 billion at the end of October 2017. However, the trade deficit is worsening. According to the Exchange Office (Office […]

King Mohammed VI Deeply Concerned over US Plan to Move its Embassy to Jerusalem

King Mohammed VI, Chairman of Al Quds Committee of the Organization of Islamic Cooperation – a grouping that comprises 57 countries representing over one billion citizens, has voiced his “deep concern and that of Arab and Muslim countries” over the U.S. administration plan to recognize Jerusalem as the capital of Israel and to move its […]

Tunisia cuts 2020 growth forecast, eyes new IMF deal

Tunisia expects a growth rate of just 1% this year, compared with the 2.7% envisaged in the 2020 budget, and plans to seek a new loan deal with the International Monetary Fund (IMF). Tunisian Prime Minister, Elyess Fakhfakh, who made the announcement on Sunday said his government has slashed the country’s economic growth forecast for […]