ALGERIE

AfDB forecasts 2.3 growth rate for Tunisia over 2023-2024 period

Tunisia will witness a 2.3 per cent economic growth rate in 2023 and 2024, the African Development Bank (AfDB) announced Wednesday, as it presented its economic outlook for 2023. The Abidjan-based institution also projects inflation to stand at 8.8 per cent over the same period. The inflation figure is slightly higher than that of the […]

Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

South Korea Bans Citizens to Travel to Libya over Security Concern

South Korea Tuesday forbade 26 of its citizens to travel to the North African country as part of a blanket travel ban on the North African country that it believes is unsafe following the abduction of one Korean technician kidnapped in July alongside several Filipino workers. The 26 citizens reportedly requested Seoul’s approval to travel […]