Arab Summit 2018

IMF Upbeat Over Morocco’s Economic Growth Prospects

Morocco’s macroeconomic situation continues to improve. After declining to 2.4 pc in 2014, growth is expected to reach 4.7 pc in 2015 thanks to a good agricultural season and improvements in construction activity, said the International monetary fund (IMF). However, non-agricultural growth remains sluggish, including in sectors related to tourism, which are affected by geopolitical […]

EBRD boosts olive oil sector in Morocco with €5 million

The European Bank for Reconstruction and Development (EBRD) is helping to develop the olive oil sector in Morocco with a loan of up to MAD 55 million (€5 million equivalent) to Al Dahra Holding subsidiaries in Morocco, Al Dahra Morocco Factories (ADFAC) and Al Dahra Morocco (ADMO).   The EBRD funds will finance the construction […]

EU concerned over deteriorating human rights situation in Algeria

The EU foreign Affairs chief Josep Borrell has voiced the European Union’s concern over the deteriorating human rights situation in Algeria, the arbitrary detention of Hirak activists and vocal opponents of the regime. “The EU has been closely following the situation of human rights and fundamental freedoms in Algeria”, said Mr. Borrell in his answer […]