Serbian FM Nicola Selakovic with moroccan FM nasser_bourita

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]

Tunisia: UGTT approves general strike in principle

The Tunisian General Labor Union (UGTT) decided to stage a general strike in the public sector and civil service, at a date to be scheduled by National Administrative Committee, Echaab News reported on Sunday. The decision was made by the UGTT National Council which held a meeting September 5 to 7. This strategic move aims […]

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 […]