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MENA’s economic outlook fraught with uncertainty amidst conflict, indebtedness — WB report

Lackluster growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East are impacting economies across the Middle East and North Africa (MENA) region, says a new report by the World Bank. According to the World Bank’s MENA Economic Update, the regional economies are expected to return to low growth akin to […]

UAE to bolster trade, logistics cooperation with Morocco

The UAE sees room for increasing trade with Morocco to 7 billion dollars and stepping up investments in innovation and sustainability, Emirati Economy Minister Abdulla Bin Touq Al Marri said. Speaking to Reuters following the signing of a memorandum of understanding (MoU) for the reactivation of the Moroccan-Emirati business council, Al Marri said trade has […]

Egypt: Economy shows signs of revival, two new ministries underway

The Egyptian government has received a big boost after it sold $1.5 billion of 10-year bonds at a yield of 6% with lead managers claiming that $4.5 billion of investor orders were attracted by the bond issuance. The success of this first international bond issuance under Sisi’s government shows signs of a return to normality […]