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Tunisia: Price-wage spiral led to key interest rate increase -BCT

The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]

UAE Developer unveils luxury complex in Rabat, its largest project in Africa

Abu Dhabi-based urban developer IMKAN has unveiled a luxury complex in Rabat: Le Carousel. This project, IMKAN’s largest in Africa is a mixed-use complex located on the Rabat Corniche and will be completed in about 5 years. Just about 15 minutes from downtown and the motorway, this project covers about 10.5 hectares of which 50% […]

Despite drought, Morocco first watermelon supplier to Spain and France

Morocco has supplied Spain with two-thirds of its watermelon needs and sold France 45% of its imports of the water intensive fruit in 2023, despite persisting drought. Morocco faces growing competition from Senegal and Mauritania in the European watermelon market. Watermelon farms have been accused of depleting underground water in Moroccan southern desert areas. The […]