First Independent Mena Newspaper
Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]
EU officials and media continue to voice concern over the threats of instability in Algeria, which braces for a political crisis marked by the opacity of the regime and disagreements on who will succeed the ailing President Bouteflika and an economic crisis triggered by shrinking oil revenues. “Europe should draw lessons from the tragedy in […]
Morocco was ranked third in Africa’s fastest growing reinsurance markets in the Africa Reinsurance Pulse 2016, an annual report issued by Schanz, Alms & Company. “Kenya, Nigeria and Morocco are the fastest growing reinsurance markets, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes,” says the […]
Tunisian authorities are on cloud nine as expectations for “Tunisia 2020” international forum seem to be met with 34 billion dinars investment including 15 billion dinars pledged through conventions. The two-day event was not like empty promises made in 2014. Youssef Chahed, country’s Prime Minister oversaw signings indicated Wednesday that Tunisia is back on the […]
International credit rating agency, Fitch Ratings, highlighted Morocco’s stable and predictable economic policies, which are propitious for attracting investments and improving public finances by boosting growth and narrowing the budget deficit while withering external financial shocks. “GDP growth will recover to above 3% in 2017,” Fitch Ratings said in an analysis on its website in […]
Morocco tops North African countries in terms of the ease of doing business says the World Bank in its 2017 Doing Business Report. The report ranked Morocco 68th globally in a list of 190 countries, third in Africa and 4th in the MENA region. The report shows that the reforms launched by Morocco over the […]
Morocco’s foreign exchange reserves rose 16.1% compared to the same period last year, the Central bank, Bank Al Maghreb said. By October 14, Morocco’s foreign exchange reserves stood at 250.1 billion dirhams up from 248.9 billion dirhams registered in the first week of September, the central bank said in its weekly statistics. This improvement of […]
The Algerian economy has been heavily battered by the slump in oil prices evoking the catastrophic events of the late 1980s which plunged the country into a spiral of a decade of violence, said a new study entitled, The Impact of Low Oil Prices on Algeria, published by the Center on Global Energy Policy. The […]
Jane Kinninmont, the deputy head of the Middle East and North Africa program at the Chatham House think tank said that the UK should build on the Brexit in order to boost ties with the MENA region especially, Morocco and Tunisia. “The UK’s departure from the EU posed potential economic opportunities for countries such as […]
Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]