First Independent Mena Newspaper
Morocco’s macroeconomic situation continues to improve. After declining to 2.4 pc in 2014, growth is expected to reach 4.7 pc in 2015 thanks to a good agricultural season and improvements in construction activity, said the International monetary fund (IMF). However, non-agricultural growth remains sluggish, including in sectors related to tourism, which are affected by geopolitical […]
Tunisia’s central bank has applauded the “positive development in the political process” after the successful parliamentary and presidential elections but signaled that the results are yet to have a strong impact on the economy for now as the beginning of the year was “characterized by negative economic indicators” amongst which are the industry and tourism […]
The Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves. This came hours after Qatar announced that it is willing to pump in more money […]