Business Finance Headlines Morocco

Morocco to post MENA region’s highest growth rate in 2021 at 6.3% – IMF says

The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s economic performance is also credited thanks to its “successful vaccination campaign” which enabled the country to contain the pandemic and allow the economy to rebound, the IMF said after its […]

Headlines Tunisia

Fire breaks out at Ennahdha’s headquarters in Tunis killing one militant

One militant of Ennahdha, the largest party in Tunisia’s suspended Parliament died Thursday at headquarters of the political organization after a fire broke out of at the reception. Identified as Sami by the party leader Rached Ghannouchi, the militant set fire to himself in distress causing the fire outbreak. Ghannouchi, branded Sami “martyr” adding that […]

Business Emerging Markets Features Headlines Maghreb Morocco

Morocco Building Commercial & Financial Hub Linking Africa & Europe (U.S. Consulting Firm)

Morocco is busy working to establish itself as a commercial and financial hub linking Africa and Europe, says American Consulting firm Kearney in its latest “Global Retail Development Index” report. Morocco’s economy is on the path to recovery, supported by an uptick in household consumption, export demand, and governmental policies, adds the GRDI research report […]

Europe Headlines International Morocco

UNHCR: Over 6,000 refugees in Morocco received financial assistance during Covid-19 crisis

UN and European officials have commended Morocco’s continued commitment to the rights of refugees, ensuring them access to public services, education, healthcare, legal protection and employment, in the same way as Moroccan citizens. At a press conference held lately in Rabat by the UNHCR on the situation of refugees in North Africa, they said that […]

Business Headlines Morocco

Morocco to extend stipend to tourism workers hit by Covid-19 restrictions

The Moroccan government has approved a measure to extend stipend in aid to workers in the tourism industry who have been idled due to the restrictive measures taken by the government to contain Covid-19 outbreak. Morocco has closed its borders to all passenger traffic amid the surge of the new Omicron variant. The decision took […]

Algeria Columns Headlines Maghreb Opinions

Algeria: Score-settling within military regime puts country’s stability at risk

What if the recent escalation against Morocco is but another curtain used by the Algerian opaque regime to derail attention from the brutal score settling between its clans? Since the death of General Gaid Salah and the return of the Algerian war influential general Khaled Nezzar and the so called “God of Algeria” known as […]

Business Finance Headlines Tunisia

Looming debt crisis haunts Tunisia’s economy

Tunisia is facing the real risk of defaulting on its external debt which has reached 100% of GDP compared to 35% in 2010. The credit crisis adds to Tunisia’s woes of political and social instability as the country struggles to redress an economy hit by Covid-19 and a drop in tourist arrivals on the back […]

Business Community Finance Headlines Morocco

Morocco: Moves to facilitate SMEs’ access to capital market

A memorandum of understanding to facilitate the access of small and medium-sized enterprises (SMEs) to the capital market was signed on Wednesday in Casablanca. The MoU between the Casablanca Stock Exchange, the Moroccan Capital Market Authority (AMMC), the Professional Association of Brokerage Companies (APSB) and Maroclear aims to facilitate SMEs’ access to financing at the […]

Algeria Americas Headlines International Maghreb Morocco

Sahara: Paraguay MPs reaffirm backing to Morocco’s Autonomy Plan

Paraguay’s Chamber of Deputies has reaffirmed strong support to Morocco’s autonomy plan for the Sahara, saying it is “the only credible and serious basis for reaching a lasting solution under Morocco’s sovereignty in accordance with UN Security Council resolutions. In its latest statement released on the Sahara, the Paraguayan legislative institution welcomes the new resolution […]

Headlines Morocco

Omicron variant: Moroccan borders to remain closed till dec.31

The suspension of direct passenger flights to and from Morocco, which came into force on Monday November 29 for two weeks, will be extended till dec.31. Sources close to air transport authorities confirmed that flights suspension from and to Morocco will be maintained until a further notice. Royal Air Maroc, Morocco’s national carrier confirmed the […]