Moroccan Parliament

Morocco’s growth to rebound to 4.5 pc in 2021; Kingdom to repay part of LPL in advance – IMF

Morocco’s GDP growth is expected to increase to 4.5 percent in 2021 as the effects of the drought and pandemic wane and monetary and fiscal policy remains accommodative, announced on Wednesday the International Monetary Fund. In a press release issued after concluding 2020 Article IV Consultation with Morocco, the IMF Executive Board also said that […]

Rough waters: EAC firms brace for costly imports as freight ships shun Red Sea

East African countries have been hit hard by higher freight costs and longer cargo delivery time, as Yemen’s Houthi rebels step up attacks on ships traveling through the Red Sea to the western end of the Indian Ocean. Ports in Kenya and other East African ports should expect slower business in the immediate future as […]

UAE: DMCC picks Belhasa Six Construct for 78-storey skyscraper building

Dubai free zone operator DMCC announced Sunday it awarded the contract for the construction of 78-storey ‘Uptown Tower’ in uptown Dubai district to Belhasa Six Construct, an entity of BESIX, reports say. “Awarding Six Construct the contract to construct Uptown Tower is an important step in bringing the much-anticipated Uptown Dubai district to life. The […]