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Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Four European countries warn against obstructing Libyan political dialogue

Four European countries, namely France, Germany, Italy, and the United Kingdom have warned against obstructing the Libyan political Dialogue. In a joint statement issued Monday, the four countries said they are “ready to take measures against those who obstruct the Libyan Political Dialogue Forum and other tracks of the Berlin process, as well as those […]

Acwa Power to Build Major Wind Power Plant in Egypt in $2.3 Billion Deal

Acwa Power, the Saudi renewable energy giant, has announced tthis week hat plans are underway to build, own, and operate a 2-gigawatt (GW) wind power plant in South Hurghada, Egypt. This large-scale facility, which is expected to generate enough electricity to power nearly 2 million homes, is part of the company’s ongoing expansion into the […]