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Economy


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......

Indonesian Fertilizer Firm Eyes Algeria’s Untapped Phosphate Potential

Indonesia’s Leading Fertilizer Company Considers Algerian Phosphate Investments Amid Global Market Competition PT Pupuk Indonesia, a major player in the global fertilizer industry, is exploring investment opportunities in Algeria's phosphate sector, according to recent reports from Algerian......

Morocco Ascends as Prime Market for Spanish LNG Amid European Decline

In a notable shift in regional energy dynamics, Morocco has emerged as the foremost destination for Spanish liquefied natural gas (LNG) exports. This transformation is underscored by recent data from the Spanish Agency for Strategic Reserves (Cores), which reveals a dramatic surge in Spain's LNG......

Spain Amplifies Gas Exports to Morocco Amid Strategic Energy Shifts

In a notable shift, Spain has dramatically increased its natural gas exports to Morocco while reducing supplies to European counterparts like Italy. This strategic move comes as Spain navigates complex energy dynamics involving Algeria and broader regional tensions. According to data from Cores, Spain’s......

Morocco's Central Bank Poised for Further Interest Rate Reductions in 2024

In a significant move that could reshape Morocco's economic landscape, Bank Al-Maghrib (BAM), the country's central bank, is expected to implement additional cuts to its policy rates during the latter half of 2024. This forecast, put forth by Fitch Solutions, suggests a continuation of the monetary......

The Ever-Evolving Landscape of Date Imports in Morocco

In a market that ebbs and flows with the rhythms of the seasons, Morocco remains a significant importer of dates during the 2023/2024 campaign, as revealed by the latest report from the specialized platform EastFruit. Despite robust figures, the Kingdom may witness slightly lower imports compared to......

Morocco Emerges as Major Buyer of Gas from Spain Two Years After Reopening Pipeline

Rabat's Strategic Move: How Morocco Became a Key Customer for Spanish Gas In a significant turn of events, the Spanish government's decision to reopen the Maghreb-Europe gas pipeline two years ago, reversing its flow to supply gas to Morocco, has redefined the energy dynamics in the region.......

Morocco Poised to Join Top Echelon of Global Wheat Importers in 2024

In a striking development, Morocco is set to become one of the world's top six wheat importers in 2024, according to a recent report from the United Nations Food and Agriculture Organization (FAO). This shift is a direct consequence of severe climatic conditions that have drastically reduced the......

Bpifrance Unveils €100 Million Fund to Boost French Enterprises in the Maghreb Region

In a move aimed at facilitating the internationalization of French companies towards the Maghreb region, the public investment bank Bpifrance has announced the launch of a dedicated fund, following a promise made by President Emmanuel Macron. This initiative underscores the government's commitment......