Chinese-owned garment manufacturer “Omega Textile Maroc” opened in Casablanca a new facility, the third of its kind in the North African Kingdom, which is attracting more and more investors and businesses. The company, which makes socks and lingerie items, has invested over $7.1 million in the new unit to create 627 new jobs, including 240 […]
The International Monetary Fund (IMF) has painted a grim picture of the Algerian economy which has been weakened by the macroeconomic imbalances exacerbated by the Covid-19 pandemic and needs urgent structural reforms to maintain stability. “The coronavirus pandemic and concomitant decline in oil production and prices have seriously impacted the economy last year, leading to […]
The growing diplomatic rift between Qatar and other regional Doha as S&P downgraded its credit rating from AA to AA- while warning that further steps in this vein could follow. The decision was made late on Wednesday. The crisis has also reflected on the country’s stock market as it slipped by 9%. The riyal has […]
