Morocco: Tourism revenues drop by half up to November

Morocco’s tourism revenues dropped by 51% in the first eleven months of last year under the impact of the pandemic and travel restrictions, the finance ministry said. The drop was attenuated 76% a month earlier, thanks to arrivals by Moroccan expatriates. In terms of arrivals however, Morocco registered only 142,000 tourists, down 82% compared to […]

UN Envoy meets Libyan military commission to bolster ceasefire and political process

The United Nations Support Mission in Libya (UNSMIL) has announced on Thursday, August 14, that its envoy, Hanna Tetteh, met with members of the Joint Military Commission 5+5 (JMC) in Tunis to review the progress of the Ceasefire Agreement and explore measures to sustain it. Discussions centered on reinforcing stability in Libya through the agreement’s […]

Tunisia: Price-wage spiral led to key interest rate increase -BCT

The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]