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Category: Finance
Morocco: Cereal output expected to drop by 69%; agricultural GDP by 14% in 2022
The output of major cereals (soft wheat, durum wheat and barley), in the 2021/2022 agricultural campaign is expected to reach 32 million quintals (Mqx), a ... Read More
Palestine: EU, EIB announce €60 million business investment in Gaza
The European Investment Bank (EIB), a financial arm of the European Union (EU), announced Thursday it provides €60 billion ($62.58 billion) for economic development in ... Read More
Morocco on course to double private investments by 2035
Morocco wants private investors to take the lead in spurring economic growth by increasing their share in total investments in the country to two-thirds, Moroccan ... Read More
EBRD Lends € 40 Mln to Morocco’s Ports Agency for Climate Resilience
The European Bank for Reconstruction and Development (EBRD) provides Moroccan Agence Nationale des Ports (ANP) a €40 million loan to enable the agency enhance climate ... Read More
Ukraine to top agenda of EBRD meeting in Marrakech
The European Bank for Reconstruction and Development is holding its first in-person annual meetings since 2019 in Marrakech with the war in Ukraine expected to ... Read More
Fathi Bashagha’s administration approves $20-bn draft budget
The cabinet of Fathi Bashagha; one of Libya’s current two Prime Ministers, has approved a draft budget of nearly 95 billion Libyan dinars ($20 billion) ... Read More
Morocco to raise minimum wage, social benefits for all workers
The Moroccan government, the federation of employers CGEM and main labor unions agreed to raise the minimum wage of workers in the public and private ... Read More
Nigeria-Morocco Gas Pipeline: OPEC Fund to contribute $14.3 million to phase II of feasibility study
The OPEC Fund for International Development (OFID) will contribute $14.3 to the funding of the second phase of the Front-End Engineering Study (FEED) of the ... Read More
Morocco’s Holmarcom group takes control of Credit du Maroc Bank
Morocco’s Holmarcom group has taken control of Credit du Maroc, a subsidiary of French bank Credit Agricole. Holmarcom has bought all the 78.7% stakes owned ... Read More
WB-IMF Meetings: Rabat calls for rethinking global funding system
Moroccan Minister of Economy & Finance Ms. Nadia Fettah Alaoui, Chair of the African Caucus (formed of African finance ministers & central bank governors) has ... Read More