Keywords: Recovery
Morocco has launched a comprehensive MAD 800 million ($79.29 million) healthcare reconstruction initiative in the earthquake-affected Al Haouz region, marking a significant step in the country's recovery efforts following the devastating September 2023 earthquake. Health Minister Amine Tahraoui,......
Japan Airlines (JAL) faced significant disruptions due to a cyber attack, resulting in delays for several of its flights. The incident began in the early hours of Thursday, with the airline experiencing "malfunctions in systems communicating with external systems," starting shortly before 7:30......
The death toll from Cyclone Chido has risen to 73 in Mozambique, with the majority of casualties concentrated in the northern Cabo Delgado province. Officials report 66 deaths in Cabo Delgado, four in Nampula, and three in Niassa provinces, while one person remains unaccounted for. The cyclone struck......
Morocco's inflation rate is projected to decline significantly, reaching a five-year low of 1% in the fourth quarter of 2024, according to Bank Al-Maghrib (BAM), the country's central bank. This marks a substantial improvement from the 6.1% rate recorded in 2023. Core inflation, excluding volatile......
Brazil's President Luiz Inácio Lula da Silva has been discharged from the hospital after undergoing emergency surgery to address a brain hematoma. The surgery followed a fall on October 19th at the presidential residence, which led to concerns over a growing hematoma. The 79-year-old president......
The World Bank has approved a significant financial boost for Morocco’s waste management sector with a $250 million grant aimed at improving the management of municipal solid waste. This initiative, called the Municipal Solid Waste Management Support Program, seeks to enhance both the financial......
European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi, arrived in Morocco on Monday for a pivotal visit aimed at strengthening bilateral ties and advancing key development initiatives. Varhelyi’s mission is underscored by a €190 million funding agreement signed with Morocco’s......
Morocco and the European Union (EU) have signed a €190 million (approximately 2 billion MAD) financing agreement aimed at accelerating the recovery of areas devastated by the 2023 Al Haouz earthquake. The deal, formalized in Rabat by Morocco’s Minister Delegate for the Budget, Fouzi Lekjaa,......
The International Monetary Fund (IMF) has approved the second review of Sri Lanka's $2.9 billion bailout package, marking a crucial step for the island nation’s recovery. Despite signs of stabilization, the global lender cautioned that Sri Lanka’s economic outlook remains fragile and......
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