Asia Europe Finance Headlines International

COVID-19-Iran: EU to channel €20 million in humanitarian aid

The European Union will send €20 million in humanitarian aid to Iran which is subject to US sanctions and struggling with the Coronavirus pandemic. The announcement came from the bloc’s foreign policy chief Josep Borrell in a video news conference on Monday. “We’ve not been able to provide a lot of humanitarian help but there […]

Finance Headlines Tunisia

Tunisia: IMF to disburse $400m to support fight against Coronavirus

The International Monetary Fund will shortly disburse $400 million to support Tunisia in its fight against the Coronavirus pandemic. The announcement was made by Finance Minister Nizar Yaich on a private radio station. This sum of money will be disbursed in the coming two to three weeks, he added. IMF Managing Director Kristalina Georgieva said […]

Business Headlines Morocco

COVID-19 chases newspapers from newsstands

As part of efforts made by Morocco to fight the proliferation of the novel coronavirus (COVID-19) and the measures adopted under the state of emergency that went into effect Friday, March 20, it has been decided to suspend the publication and distribution of print dailies and magazines.   The new measure went into effect from […]

Business Headlines Morocco

Coronavirus: Morocco’s OCP Group Revamps 4 Hospitals in Khouribga Province

Morocco’s state-owned phosphate group OCP has announced over the weekend its decision to renovate four hospitals in Khouribga province to enhance the capacity of the local health system to counter Covid-19 pandemic. The upgrades and maintenance work of the four hospitals will be carried out by young volunteers from Act4Community Initiative and doctors from OCP’s […]

Egypt Finance Headlines

Egypt: World Bank supports housing for low-income households with $500m

The World Bank has granted Egypt a $500 million additional financing destined to support ongoing efforts to improve the affordability of formal housing for low-income households, the Washington-based institution said in a statement. The financing also seeks to strengthen Egypt’s Social Housing and Mortgage Finance Fund capacity to design policies and coordinate social housing programs. […]

Columns Finance Headlines Morocco Opinions

Coronavirus outbreak and the return to strong welfare states

The advent of the coronavirus and its tragic fallout on human lives, social order and the economy have undermined the neoliberal order as a return to the welfare state sounds best suited to deal with such repercussions.     The state has taken health, security, education and the ordinary functioning of the market into its […]

Business Headlines Maghreb Morocco

Morocco reassures foodstuff and cooking gas exceed citizens’ needs

The announcement of health emergency measures followed by a lockdown triggered a wave of panic buying in Moroccan supermarkets on Friday as citizens rushed to buy more than needed in terms of food and gas. The government reassured that there was no need for such a shopping spree and that the country has enough reserves […]

Finance Headlines Maghreb Morocco

Morocco to offer financial help to the unemployed and suffering businesses due to Covid-19

A Moroccan committee adopted a series of measures, including stipends for the unemployed and loan and tax deferrals for enterprises in difficult financial conditions due to the coronavirus outbreak. Employees who lost their jobs will receive 2000 dirhams monthly and continue to benefit from family allowances and mandatory health coverage as well as a three-month […]

Finance Headlines Maghreb Morocco

Anti-coronavirus fund, a showcase of Moroccan solidarity

Since the King called for the setting up of a special fund to upgrade health services, help most hit sectors by coronavirus and maintain jobs, donations kept flowing from public institutions, the private sector, state officias, employees and individuals. The fund which was targeting 10 billion dirhams received more than 25 billion dirhams as different […]

Business Headlines Maghreb Morocco

Morocco declares health emergency to counter coronavirus outbreak

Morocco has declared a health emergency and asked citizens not to leave home unless they receive an authorization from local authorities to buy essentials or go to work, an interior ministry statement said.   Movement will be restricted starting from Friday at 18:00 as a necessary measure after coronavirus cases started transmitting locally, the interior […]