Business & Economy Bound

Morocco takes new steps to bring to market cannabis for medicinal useF

The Morocco government issued for the first time on October 4, 2022, 10 permits to legally roll out the cannabis use for medicinal purposes. A regulatory agency ANRAC was set up to issue such permits and monitor the sector’s activities, from cultivation and processing...
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Libya’s eastern government signs oil and gas exploration deal with Turkey, rival government rejects itF

Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in Libya's Mediterranean waters, three years after a maritime border deal that angered European nations. "We've signed a memorandum of understanding on exploration...
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Sahel: Niger suspends oil deliveries to Mali after Bamako launched verbal attack on Niger’s presidentF

Niger has suspended the shipping of oil products through the Sahel nation to neighbouring Mali for "security reasons" in the face of a jihadist insurgency, customs sources told AFP Tuesday. An internal customs service note dated September 21 declared "the suspension...
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Economy: Morocco’s central bank ups interest rates to slowdown surge in inflationF

Morocco's central bank on Tuesday raised interest rates by 50 basis points to 2.0 percent in an effort to slow down a surge in inflation. The Bank Al-Magrib (BAM), after a board meeting, said the economy remains "deeply marked by the aftermath of the (coronavirus)...
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