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Morocco’s automotive, phosphates exports mitigate an expanding trade deficit

Morocco’s automotive sector, phosphates, agri-food and the aerospace industry exports showed resilience in the face of global economic uncertainties and helped mitigate an expanding trade deficit in the first four months this year. Home to production plants by Stellantis Renault and part suppliers, the automotive sector sold 49 billion dirhams, down 7%, topping all industrial […]

IsDB & EIB commit $1billion each to co-finance green projects

The Islamic Development Bank (IsDB) and the European Investment Bank pledged to commit $1b each in co-financing green projects, during the 2019 Sukuk Summit, hosted in Luxembourg. Together with the European Investment Bank (EIB), IsDB signed a Memorandum of Understanding (MOU) to strengthen cooperation and committed $1 billion each in co-financing green projects through to […]

10 people killed in landslide in DRC in wake of flash floods

At least 10 people have died in the province of North Kivu of the Democratic Republic of the Congo (DRC) due to heavy rains, after 400 other people were killed in flash floods. The landslide occurred after Tuesday night heavy rains in the village of Miringati, Lubero territory, in North Kivu. Administrative head Edgar Kasombolene […]