Morocco: trade deficit down 7% amid tourism boom
Morocco’s Foreign Exchange Office announced a 7.3% reduction in the country’s 2023 trade deficit on February 4th, according to Reuters....
Economy
Morocco: “violent drought” leads to radical saviour plan
After six consecutive years of drought, Morocco comes up with a radical plan to build new waterways and dams according...
Morocco’s inflation finally decreases but for how long?
Morocco’s annual inflation has finally decreased, according to Middle East on Line and agencies, but economists fear that it will...
Algeria-Morocco: Transit ban opens new front in hostilities
Algeria’s Professional Association of Banks and Financial Institutions (ABEF) banned all transshipment and transit operations via Morocco in a document...
Algeria’s relations with Spain get back on track
After a somewhat lengthy straining of ties, Algeria and Spain made a significant diplomatic breakthrough, according to The National Independent...
Libya: PM pushes to end petrol subsidies despite protests
Libya’s government intends to lift petrol subsidies despite ongoing protests, according to The National on January 12th. The decision is...
Morocco: expected 2.4% in growth in beginning of 2024
Morocco is pulling itself out of the economic doldrums after covid and the impact of the war in the Ukraine....
USD and Bitcoin start the year strong while others struggle
The new year is marked by a strong US dollar and a resurgent bitcoin, according to Africa News. After a...
1 million Moroccans in poverty to receive financial grants
In a rare move, Morocco announced on December 25 that around 1 million families living in poverty would receive financial...
Starbucks’ Morocco franchise denies claims it’s pulling out
The franchise responsible for Starbucks stores in Morocco refuted allegations that the brand was departing from the country, reports The...
Ryanair to invest in Morocco’s domestic market
Morocco will take a bold economic step by allowing commercial airline giant Ryanair to enter its internal air travel market,...
Morocco has plans to “rehabilitate” its Atlantic coast
In what is a reaction to what hes describes as a manouevre of his opponents when it comes to the...
Morocco: cash-strapped Rabat signs financing deals
Morocco has signed multiple financing deals with the African Development Bank (AFDB) , reports Moroccan state news agency Maghreb Arabe...
Tunisia’s $1.9 billion IMF bail in limbo, after refusing to cut subsidies
Tunisia’s $1.9 billion bailout from the International Monetary Fund (IMF) is in limbo as the country hasn't made any proposal...
Morocco and EU commit to building stronger ties
Morocco and the European Union have emphasised their commitment to building a stronger relationship during a meeting in Brussels, according...
