First Independent Mena Newspaper
The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s economic performance is also credited thanks to its “successful vaccination campaign” which enabled the country to contain the pandemic and allow the economy to rebound, the IMF said after its […]
Vice president for the MENA region at the World Bank (WB), Ferid Belhaj, said on Wednesday in Rabat that Morocco’s development policies and reforms are an example for the whole MENA region, renewing the international financial institution’s backing to these policies and reforms. During a working session with Minister of Economy and Finance, Nadia Fettah […]
Nearly 9 out of 10 children in the Middle East and North Africa (MENA) region live in areas of high or extremely high water stress with serious consequences on their health, nutrition, cognitive development and future livelihoods, says the UNICEF. In its latest report titled: “Running Dry: the impact of water scarcity on children in […]
The Moroccan economy has shown resilience in the face of the double impact of Covid-19 and drought last year and hence stands as one of the most dynamic in the region, Middle East and Central Asia Director at the IMF, Jihad Azour said. Speaking at a press briefing on the MENA region’s economic performance, Azour […]
US tech giant Google has announced a $4.1 million financial support for thousands of companies in the Middle East and North African region to help them enhance their online presence, Reuters reports. The company said $1.1 million of the assistance will be in the form of grant, to help businesses in the region improve […]
Economic growth in the region of North Africa and the Middle East is expected to drop to 0.6 pc in 2019 against a 1.2 pc growth posted last year, says the World Bank in its latest report. The growth forecast for 2019 has been revised downwards due to intensified global economic headwinds and rising geopolitical […]
The capacity of photovoltaic plants installed in the Middle East and North Africa (MENA) region has almost quadrupled in 2018 compared to the previous year. According to Ecofin news agency, 3.6 GW of photovoltaic contracts have been awarded last year against 1 GW in 2017. Some of the plants have been installed and others are […]
A new World Bank report forecasts growth in the Middle East and North Africa (MENA) to reach 2.8% by 2020, but calls for a regional push toward a new digital economy that would generate higher levels of growth. Growth in the MENA region is projected to rebound to an average of 2% in 2018, up […]
Despite major challenges, the MENA region can capitalize on the opportunities provided by the strengthening of global economy and provide a better, more equitable, and prosperous future for its citizens, says a report released by the International Monetary Fund (IMF). The region’s highly educated and tech-savvy youth have tremendous potential to spur growth if given […]
The worsening economic conditions and the lack of structural reforms to improve the living standards of the population is auguring ill for the MENA region, which should brace for a surge of civil unrest in 2018 says an analysis published on the website of the UK’s leading Think Thank, Chatham House. The analysis, signed by […]