COVID-19: Morocco devotes 2.7% of GDP to address health crisis, ranks 4th worldwide

Morocco has devoted a huge budget to address the COVID-19 health crisis, becoming part of the top five countries worldwide that have devoted huge budgets to outweigh the economic impact of Covid-19. According to data compiled by the American Goldman Sachs bank, Morocco is the fourth country in the world to earmark the largest amounts […]

Libya: New private airline launched

Mohamed Taher Issa, a Libyan businessman and ally of Tripoli-based Prime Minister Abdul Hamid Dbeibeh, has launched Med Sky (short for Mediterranean Sky) to operate flights between the oil-rich country and Europe, Libya Update reports. Med Sky is based in Malta and Misrata. A source who asked not to be named because not allowed to […]

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]