According to officials from the global credit insurance company Euler Hermes, Moroccan exports will increase by 8.4 billion dirhams to reach 240 billion dirhams in late 2015. Overall, the Moroccan economy is expected to do well in 2015 with forecasts of a 4.2 percent growth due to household consumption and business investment.
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Tunisia’s annual inflation rate falls in October to 5.4 percent
Official data revealed that Tunisia’s annual inflation rate fell for the third consecutive month in October. Inflation dipped to 5.4 percent from previous 5.6 percent in September. The prolonged fall is attributed to a slight decline in food and drink prices. [Reuters]
Egypt’s Beltone Financial plans to raise money for growth
Regulatory approval was granted to Egypt’s Beltone Financial for a two-stage plan to raise up to 242 million Egyptian pounds to fund growth in the financial services businesses. Earlier this year, Beltone implemented a five-to-one share split in order to boost trading in its shares and widen its investor base. [Reuters]
Also of Interest:
MENA’s Long Run: A region off track, generation unemployed | Zawya
Morocco continues growth on strong economic fundamentals | AllAfrica
Egypt’s first consulting firm on the future of the economy | Egyptian Streets
Billionaire Nassef Sawiris to ramp up Egypt investments after tax win | Zawya
Moroccan-Chinese strategic ties reach new heights – Op-ed | Eurasia Review