King Mohammed VI

Morocco, a strategic partner for Italy – FM Luigi Di Maio

Morocco is a strategic partner and a key interlocutor for Italy in the region, Italian Foreign Minister Luigi Di Maio said. “Morocco is a strategic partner for Italy and a key interlocutor on regional issues, starting with Libya,” the Italian minister wrote in a tweet following a phone conversation he had on Friday with his […]

Coronavirus deepens Algeria’s economic malaise

The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]

EBRD Supports Egypt International Trade With $50 Mln Loan

The European Bank for Reconstruction and Development (EBRD) has lent the National bank of Egypt (NBE) US$ 50 million to help and encourage Egyptian companies engage more in international trade operations. This trade credit line is the second part of a US $ 100 million facility, the first part of which comprised a US$ 50 […]