Economy

World Bank Loans Morocco $450 Mln to Improve Early Childhood Development Outcomes

The World Bank has approved a US$450 million loan to support Morocco’s long-term strategy to strengthen human capital. The loan for Improving Early Childhood Development (ECD) Outcomes in Rural Morocco will fund the third phase of the country’s National initiative for human development, focusing on early childhood development, the World Bank said in a release. ...

10:45 Et June 6, 2021

World Bank pauses Mali payments after coup as leader warns against sanctions

The World Bank said on Friday it had temporarily paused payments to operations in Mali following a military coup, while the man expected to become the new prime ...

12:18 Et June 5, 2021

US: 559,000 Jobs Added in May, Unemployment Rate Declines to 5.8%

The Labor Department announced Friday that the unemployment rate fell to 5.8% in May as the country added 559,000 jobs in an economy swiftly emerging from the coronavirus ...

11:07 Et June 5, 2021

Morocco's trade deficit narrows by 4.2% in last 4 months

Morocco's trade deficit narrowed by 4.2% in the first four months of 2021 compared to the same period in 2020, the Exchange Control Office has said, according to ...

12:23 Et June 4, 2021

Bitcoin falls 5.2% to $33,849, Ether down 6.3%

Bitcoin dipped 5.16% to $33,849.47 at 18:00 GMT on Saturday, losing $1,842.99 from its previous close. Ether , the coin linked to the ethereum blockchain network, dropped 6.26% ...

12:13 Et May 30, 2021

Morocco Stands as a Strategic Player in African Economic Integration (Ambassador)

Morocco's economic potential and geographical position enable it to stand as a strategic player in African cooperation and economic integration, Moroccan ambassador to Rome, Youssef Balla said. Speaking ...

13:46 Et May 23, 2021

Asia stocks drop on pandemic fears, US technology sell-off

Shares in the Asia Pacific region fell sharply on Tuesday, following heavy losses in US technology shares. Sentiment was also hurt by fears of another wave of the ...

18:10 Et May 11, 2021

Morocco's Official Reserve Assets Up 6.1%

Morocco's official reserve assets amounted to 304 billion dirhams until April 30, 2021, up by 6.1% compared to the same period in 2020, Morocco's central bank (Bank Al-Maghrib) ...

11:37 Et May 10, 2021

UK economy to record best year since 1941, Bank of England says

Britain's economy should grow by 7.25 per cent this year, its greatest rebound since 1941, the Bank of England said on Thursday. The UK economy suffered its worst recession in more than 300 years last year as a result of the COVID-19 pandemic and measures imposed to curb its spread. The Bank of England said ...

19:19 Et May 9, 2021

Fitch agency: Morocco's real GDP growth expected at 4.8% in 2021

Morocco's real gross domestic product (GDP) growth is expected to rebound to 4.8% in 2021, driven by an easing of the disruptions from the health crisis and improved ...

13:53 Et May 9, 2021
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