Business Headlines Maghreb Morocco

Morocco’s economic growth to drop to 0.7% due to drought, war in Ukraine

Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]

Asia Business Headlines International Morocco

War in Ukraine will not affect Morocco’s wheat supply

The war in Ukraine will not affect Morocco’s wheat supply but will have an impact on prices, said government spokesman Mustapha Baitas. Morocco has a diversified wheat basket with Russia and Ukraine representing 25% and 11% of Moroccan supplies respectively, he said. Morocco does not import hard wheat from the two Black Sea markets, he […]

Asia Headlines International Tunisia

Russian tourists expected back in Tunisia

The Russian tourism federation has revealed that Russian holidaymakers are expected in Tunisia amid growing international condemnation of Russia’s invasion of Ukraine. The federation, according to Russian TV (RT), said that Tunisian Tourism Minister Moez Belhassan expressed the North African country’s keenness to welcome Russian tourists adding that Tunis is not planning to impose any […]