EIB Allocates $482m to Back Moroccan Firms

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal
The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal
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EIB Allocates $482m to Back Moroccan Firms

The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal
The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal

The European Investment Bank (EIB) Group has allocated USD482 million (EUR440 million) to back Moroccan firms in combating the novel global virus impact on liquidity.

Emma Navarro, vice-president of the bank, said in a press conference in Brussels that the EIB will mobilize existing lines of credit, whose outstanding amount to date is 440 million euros, to provide the necessary working capital to businesses.

She added that her institution has contacted, since the beginning of the crisis, its clients, both business leaders and project holders, to offer them its support during this very difficult period.

“We are relaxing our procedures. We are trying to adapt our tools and means of financing as best we can,” Navarro continued.

The EIB also stands ready to support the health system, in particular through the acquisition of medical equipment and the strengthening of health infrastructure, said Navarro, recalling that the Bank is already active in this area in Morocco, notably by financing the construction and modernization of 16 hospitals throughout the Kingdom.

“The partnership that binds us to Morocco is very strong, that is why this country will have our full attention for the duration of this pandemic in order to give it all the necessary support,” she affirmed.



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
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Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.