Canadian aviation industry giant, Bombarider is planning the relocation of parts of its production from its factories in Northern Ireland to Morocco and Mexico in a bid to cut costs. Bombardier, which employs around 5,000 staff in Belfast, confirmed the transfer of “certain activities” it said it was “unable to undertake competitively in Northern Ireland”, […]
Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]
Morocco’s Foreign Minister Nasser Bourita held talks with his Egyptian peer Sameh Shokry on the situation in Libya and the latest efforts to push for a political solution. This came as Morocco hosts talks in Bouznika, bringing together representatives of the Tobrouk-based Libyan parliament and the Libyan High Council of state, with the first representing […]
