Italy’s Eni to boost natural gas production in Egypt
Italian energy company Eni plans to boost natural gas production in Egypt by 200 million cubic feet per day starting
The European Bank for Reconstruction and Development (EBRD) projects an acceleration in the average growth of the gross domestic product (GDP) to 3.4% in 2024 for its southern and eastern Mediterranean (SEMED) region, the bank's latest Regional Economic Prospects report, released today, reveals.
The report highlights Morocco's economy as particularly resilient, forecasting a 3% growth rate in 2024 and anticipating a further rise to 3.6% in 2025.
Despite increased spending on post-earthquake relief and reconstruction, Morocco continues to push forward with fiscal consolidation efforts to curb government debt, the report notes.
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