The International Monetary Fund (IMF) has approved $2.9 billion for Morocco Under the Precautionary and Liquidity Line (PLL) that will provide insurance against external risks, support Moroccan efforts to reduce fiscal, external vulnerabilities and promote more inclusive growth. Despite a sharp pick up in global oil prices, Moroccan authorities have reduced fiscal and external vulnerabilities […]
Israel and Turkey have agreed to resume full diplomatic relations and will proceed to an exchange of ambassadors following steady improvement in relations, Israeli Prime Minister Yair Lapid’s office said in a statement this Wednesday. “The improvement in relations will help deepen bonds between the two peoples, expand economic, trade and cultural ties, and strengthen […]
Egypt will start manufacturing electric buses as of November this year under an agreement with China’s Foton Motor. Under the agreement, Foton Motor, which designs and manufactures trucks and buses, will manufacture 2,000 buses over four years, 500 vehicles per year. Production can be increased to 5,000 buses. Minister of Military Production Mohamed […]
