Africa Business Headlines International Maghreb

World Bank’s Sweden-funded program to unlock trade through economic growth in MENA region

The World Bank has launched a new Sweden-funded Trade Facilitation Support Program (TFSP) in Middle East and North Africa (MENA) that aims to streamline trade processes, reduce costs, and enhance connectivity, thereby boosting regional and international trade. By aligning with international standards and focusing on inclusive growth, the TFSP is designed to boost economic development, reduce […]

Finance Headlines International Maghreb Morocco Uncategorized

MENA region: IMF forecasts growth to reach 2.2% in 2024 & 4% in 2025

Growth in the Middle East and North Africa region (MENA) is projected to increase from 1.8% in 2023 to 2,2% in 2024 and 4% in 2025, the International Monetary Fund (IMF) said Tuesday. This is a downward revision from the April projections, the IMF pointed out in its World Economic Outlook (WEO) report. In April, […]

Asia Headlines International Morocco

Morocco, third most targeted with fake news in Mena region- study

Morocco is the third most targeted country with fake news, mostly spread by Algerian media, behind war-torn Palestine and Yemen, fact-checking platform Misbar reported. Al Misbar cited fake news published by media close to the Algerian regime claiming Morocco sent troops to back Israel in its war on Gaza, among other lies. Since Algeria unilaterally […]

Asia Headlines International Morocco

Promoting peace, stability in MENA region discussed by Moroccan and Saudi Foreign Ministers

Ways to promote peace and stability in the MENA region were at the focus of phone talks between Moroccan and Saudi Foreign Ministers, Nasser Bourita and Prince Faisal bin Farhan bin Abdullah. The talks, held Friday, also covered ways to deepen bilateral ties in various fields, as well as latest regional and international developments of […]

Finance Headlines

MENA Region: Economies expected to grow by 5.5% in 2022 – World Bank

The economies of the Middle East and North Africa (MENA) region are expected to grow by 5.5% this year —the fastest rate since 2016—followed by a slowing of growth to 3.5% in 2023, the World Bank says. Yet this growth is uneven across the region, as countries, still struggling to overcome the lasting effects of […]

Energy Headlines International

MENA region to be World’s largest supplier of green hydrogen, study

The Middle East and North Africa region (MENA) is expected to be the world’s largest supplier of green hydrogen, with the region accounting for the greatest number of export-oriented low carbon hydrogen projects (CEBC), according to a study by Abu Dhabi-based Clean Energy Business Council (CEBC). The UAE is at the forefront of the region’s […]

Headlines International

International Media Investments, CNN to launch CNN Business Arabic

International Media Investments on Monday announced a new partnership with CNN to launch a dedicated digital business platform from the Middle East and North Africa region for Arabic speakers around the world, Arab News reports. The channel will provide business, finance, and economic content, while also offering audiences the latest information and analysis. “There are […]

Asia Energy Headlines International Maghreb Morocco

15th Energy Conference of MENA region opens in Rabat; UAE guest of honor

The 15th energy conference of the MENA region opened Monday in Rabat, under the theme “Energy transition: progress report and prospects for 2035”, with the participation of the United Arab Emirates as guest of honor. The conference, held under the High Patronage of King Mohammed VI, brings together Moroccan and foreign institutional personalities who will […]

Asia Business Headlines International Maghreb

Air pollution costs MENA region $141 billion annually, WB warns

The Middle East and North Africa region (MENA) suffers from excessive air pollution whose cost amounts to $141 billion annually, or around 2% of GDP, the World Bank said in a report released on Monday, urging the region to adopt a green economic policy. The report, titled “Blue Skies, Blue Seas: Air Pollution, Marine Plastics, […]

Asia Business Finance Headlines International Maghreb Morocco

World Bank: Morocco’s economy to grow by 3.2 % in 2022

The Moroccan economy is expected to grow by 3.2 percent in 2022 against 5.3 pc growth recorded the previous year, says the World Bank in its latest Global Economic Prospects report. Morocco’s output is expected to slow this year from the previous year’s rebound as the Kingdom’s agricultural performance returns to historical averages after the […]