Mena

Articles

• Morocco’s External Debt Soars to 75% of GDP, Outpacing Foreign Investment: Bloomberg Report
  30 July 2019, by Sylvanus

  In a Report published on the level of external debt in the Middle East and North Africa (MENA) region, Bloomberg, the news agency specializing in economics and finance, takes a look at the situation of Morocco’s external debt. The study reveals that the Kingdom is more dependent on foreign borrowing than on FDI, a decade ago, and is "unable to repay its accumulated external debt".
  In the space of 10 years, Morocco’s external debt has seen a leap, from 65% to 75% of GDP, the Bloomberg (…)

• Interpol Hosts Major Police Summit in Morocco to Combat Terrorism and Cross-Border Crime
  27 November 2019, by Ginette

  From Monday, November 25, 2019, police chiefs from the Middle East and North Africa, as well as those from the Comoros, Djibouti, Sudan, Somalia and Mauritania, are holding the 4th meeting of police services in Marrakech. This is the first time that Interpol has chosen Morocco to host such a meeting.
  This two-day meeting of police chiefs aims to find the means and strategies to be implemented to further strengthen cooperation between Interpol and the police services of the participating (…)

• World Bank Praises Morocco’s Economic Reforms and Development Progress
  16 November 2019, by Bladi.net

  Morocco has made significant progress in complying with the Doing Business ranking. This was noted in Rabat last Thursday by Ferid Belhaj, World Bank Vice President for the MENA region.
  The significant progress made by Morocco in recent years has undoubtedly accelerated its development. For Ferid Belhaj, these efforts "are a source of satisfaction not only for the Kingdom, but also for the entire MENA region."
  According to the senior official of the Bretton Woods Institution, Morocco is (…)

• IMF to Support Morocco’s Inclusive Economic Recovery with Social Focus
  23 November 2020, by Jérôme

  The social aspect will be at the heart of economic policies in the MENA region, including Morocco. The International Monetary Fund (IMF) is fully in favor of this orientation and integrates it among its regional priorities for this new direction.
  Having set up a strategic project aimed at promoting the social aspect for an integrated and inclusive recovery, Morocco will be among the first countries to benefit from the expertise of the international financial institution. Thus, "the IMF is (…)

• MENA Countries Face Slow Economic Recovery as Pandemic Hinders Tourism and Energy Exports
  12 September 2021, by Jérôme

  The economic situation of the six countries in the MENA region was at the heart of the latest report by the S&P Ratings Agency published on September 7. These countries, including Morocco, are struggling to return to growth due to the Covid-19 pandemic.
  The six countries in the region (Egypt, Morocco, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates) all depend on energy exports and tourism revenues, explains S&P Ratings, noting that although the contraction is low for (…)

• Moroccan Cuisine Shines as Three Restaurants Make MENA’s Top 50 List
  9 February 2022, by Sylvanus

  Three Moroccan restaurants are among the 50 best restaurants in the Middle East and North Africa (MENA). This is the result of the very first 50 Best ranking for the region, unveiled on Monday, February 7 in Abu Dhabi.
  The very first MENA 50 Best ranking was compiled following the vote of 250 "key leaders in the regional restaurant industry." Restaurants from 11 countries were elected among the 50 best gastronomic destinations in the region during an event organized in partnership with (…)

• Morocco’s Unemployment Rate Could Soar to 15% in 2021, UN Report Warns
  3 January 2021, by Ginette

  The coronavirus pandemic has not finished ravaging the world of employment in Morocco. A recent report by the Economic and Social Commission for Western Asia (ESCWA) revealed that unemployment could reach 15% in Morocco in 2021.
  A certain stability was hoped for in 2021 but this report on economic and social developments in the MENA region shatters all hope and announces an increase of 3.46% in the unemployment rate.
  The report states that in 2020, the unemployment rate reached 11.78%, (…)

• Middle East and North Africa Tech Startups Secure $1 Billion in Venture Capital Despite Pandemic
  22 January 2021, by Jérôme

  Despite Covid-19, investors still trust the technical potential of North Africa and the Middle East. Proof of this, in 2020, promoters increased venture capital investments in this sector.
  More than $1 billion, this is the amount raised by technology companies in the Middle East and North Africa (Mena) region in the form of venture capital in 2020, according to a report by the information platform Magnitt. But, contrary to the increase in the amount raised, the number of deals signed in (…)

• Morocco Leads MENA Region in MIT’s Green Future Index, Ranks 26th Globally
  14 April 2021, by Jérôme

  In the ranking of the MIT Technology Review Insights 2021 Green Future Index, Morocco ranks 26th globally and first in the MENA region.
  Through the Green Future Index, MIT Technology Review Insights ranks, based on their development and commitment, the 76 ambitious countries and territories to build a carbon-free future. This positioning examines to what extent economies, industries, agriculture and societies are determined to promote clean energy, through investment in renewable energy (…)

• Morocco Ranks 4th in MENA Digital Competitiveness, Leads in Digital Ecosystem
  13 September 2020, by Sylvanus

  Morocco ranks fourth in terms of overall digital competitiveness in the MENA region. This is indicated by the Digital Risers report published by the European Center for Digital Competitiveness.
  With 99 points, Morocco (4th) is followed by Kuwait (91 points) and the United Arab Emirates (81 points). The kingdom ranks first in terms of digital ecosystem with 63 points ahead of Serbia (58 points), Saudi Arabia (38 points) and the United Arab Emirates (34 points).
  With 36 points, Morocco (…)