Morocco’s Tanger-med port handles record 7 million containers in 2021

Tanger Med port in northern Morocco handled 7.17 million containers, up 24% compared to last year, maintaining its position as the biggest port in the Mediterranean region and Africa. “This traffic results from the steady ramp-up of Tanger Med 2 port after the successive commissioning of the terminals TC4 in 2019 and TC3 in 2021,” […]

Covid-19: Morocco at ‘Critical Stage’, Need to Srupulously Observe Precautionary Measures – Govt Chief

Morocco is a at “a critical stage” in the fight against the coronavirus pandemic, said Monday in Rabat Head of Government, Saad Dine El Othmani, while stressing the need to scrupulously observe the precautionary measures issued by the public authorities.   Speaking at the opening of a cabinet meeting, El Othmani said Morocco managed, thanks […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]