The Economist of the Middle East

Data showed today, Friday, that the annual inflation rate in Turkey jumped to its highest level in 24 years, recording 73.5% in May, a level lower than expectations, but it is driven by the repercussions of the war, the rise in commodity prices and the lira that has been declining since a crisis in December. The Turkish Statistical Institute said …

Friday, the Egyptian Cabinet announced that Egypt and the International Islamic Trade Finance Corporation have signed the amended framework agreement to finance the import of basic commodities with a credit limit of $6 billion. Egypt, which is dependent on imports, used the money to buy basic items such as wheat and petroleum. The Minister of International Cooperation, Dr. Rania Al-Mashat, …

Morocco is moving steadily towards making the “blue economy” one of the main pillars for achieving comprehensive development in the country, given the important capabilities and qualifications that the Kingdom possesses in this field. In order to support Rabat’s efforts in its pursuit of this goal and to support the launch of plans for this sector, the World Bank recently …