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Development dynamics in Sahara highlighted before UN 4th Committee in New York

The socio-economic development dynamic in Morocco’s southern provinces was highlighted during a meeting of the 4th Committee of the United Nations General Assembly, held Wednesday in New York. Speaking on this occasion, British lawyer Andrew Rosemarine stressed that the Moroccan Sahara is establishing itself as an economic hub and as a link between Africa and […]

Africa Emerging Markets Energy Headlines International Morocco

ECOWAS hosts regional workshop to finalize Nigeria-Morocco Gas Pipeline agreement

The Economic Community of West African States (ECOWAS) is hosting a regional workshop in Lagos Oct. 8 through 11 to review and validate the Host Government Agreement (HGA) for the Nigeria-Morocco Gas Pipeline project. The workshop is a key step in the development of the gas pipeline, a strategic project spearheaded by King Mohammed VI […]

Emerging Markets Europe Finance Headlines International Morocco

EIB plans greater involvement in financing development projects in Morocco

The European Investment Bank (EIB) is seeking to deepen its involvement in financing key development initiatives in Morocco, aligned with the country’s economic and social priorities. The remarks were made by EIB Vice-President Ioannis Tsakiris on Thursday in Rabat during talks with Minister of Economy and Finance Nadia Fettah. The EIB official reiterated the Bank’s […]

Africa Americas Headlines International

Biden’s Angola visit underscores Africa’s growing global importance

President Joe Biden’s upcoming visit to Angola, the first by a sitting U.S. president to an African country since 2015, highlights the continent’s increasing significance in global geopolitics. The trip, scheduled for October 13-15, comes as various world powers vie for influence in Africa, attracted by its strategic importance and mineral wealth. Angola, historically closer […]

Emerging Markets Finance Headlines Morocco

Fitch Expects Morocco’s Growth to Reach 3% in 2024 & 3.5% over 2025-2026 Period

Fitch agency has maintained Morocco ‘BB+’ rating with a stable outlook thanks to the country’s sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable liquidity buffers. In 2023, Morocco’s economy grew by 3.4%, driven by strong non-agricultural sector performance and a rebound in agricultural output following a sharp contraction in 2022, said […]

Energy Headlines Libya

Libya: NOC announces drilling of 5 new wells with a combined output capacity of 12,000 bpd

The National Oil Corporation (NOC) announced on Wednesday the successful drilling and restarting of five new wells since the start of October, with a combined production capacity of around 12,000 barrels per day (bpd). According to the NOC, Mellitah Company has restarted well “A-28” in the Abu Attifel oil field, a move aligned with the […]

Headlines Maghreb Morocco

UN-Sahara: Elected Sahrawis cross swords with Pro-Polisario supporters ahead of UN Security Council meeting

The Algerian regime and their Polisario puppets are intensifying their hostile campaign against Morocco’s territorial integrity and sovereignty over its Sahara as the UN Security Council braces for receiving briefings on the Sahara before renewal of MINURSO mandate to expire on October 31. Availing the opportunity of the meeting of UN fourth Committee convening in […]

Egypt Finance Headlines

Egypt’s inflation rate increases by 2.3% in September 2024

According to the Central Agency for Public Mobilization and Statistics (CAPMAS), Egypt’s general consumer price index reached 236.5 points in September 2024, reflecting a monthly increase of 2.3 percent compared to August 2024. This uptick was driven by price hikes in several essential sectors. Notably, the cereals and bread category saw a 0.7 percent increase, […]

Africa Headlines International Morocco

Moroccan-Guinean military cooperation reviewed at a meeting in Rabat

Various aspects of Moroccan-Guinean military cooperation were reviewed at a meeting held in Rabat Tuesday between visiting Guinean Minister of State for National Defense Army General Aboubacar Sidiki Camara, and Minister in charge of the National Defense Administration, Abdeltif Loudyi, and Inspector General of the Royal Armed Forces (FAR) and Commander of the Southern Zone, […]

Africa Algeria Headlines International Morocco

Football: CAF hammers USM Alger with $40,000 fine for refusing to play against Morocco’s RS Berkane

The African Football Confederation has slapped Algerian football club USMA with $40,000 preliminary fine for refusing to play last April against Moroccan RS Berkane club in the CAF Cup semi-final due to their jersey displaying Morocco’s map, including the Sahara. The RS Berkane kit was approved by CAF. Berkane have used the same jersey throughout […]