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IMF highlights resilience of Moroccan economy against external shocks

The IMF welcomed the resilience of the Moroccan economy in 2023 despite external shocks and drought, noting that growth should improve to 3.5% in the medium term. “Economic growth has strengthened in 2023 thanks to the recovery in domestic demand and buoyant exports,” the IMF said in a statement the end of its Article IV […]

Bank of Algeria has a new Governor

Benabderrahmane Aymane was appointed Governor of the Bank of Algeria, in replacement of Ammar Haiwani who was acting Central Bank Governor since April 2019. The announcement was made by the presidency in a statement. The Bank of Algeria recently made the headlines after issuing a note, ordering banks to require their customers to provide proof […]

Al-Arab Newspaper decries Algeria for obstructing adoption at the UN of statement on Palestinian cause

The London-based Al-Arab newspaper has decried Algeria for having obstructed at the United Nations the adoption of a statement on the Palestinian cause presented by the Arab group to satisfy its relentless resentment against Morocco. Algeria’s obstructive attitude on a vital issue for the Arab world has raised real concerns and apprehensions within the Arab […]