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Economy


Morocco's Helium Potential: Unexpected Discovery Sparks Economic Excitement

In a surprising turn of events, UK-based Predator Oil & Gas Holdings Plc has announced a potential helium gas discovery in northwestern Morocco's Guercif exploration area. This revelation has sent ripples through the energy sector, highlighting Morocco's growing importance in the global resource......

Egypt's Soaring Interest Rates: A Double-Edged Sword for Economic Growth

Egypt currently holds the distinction of having the highest interest rates among all Arab nations, with a staggering 27.25% set by its central bank. This monetary policy decision reflects Egypt's aggressive strategy to attract foreign investment in treasury bonds and bills, particularly in response......

Morocco's Islamic Finance Sector Expands, Driven by Real Estate Boom

In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......