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Morocco’s EVs to fuel auto boom, Aramco issuance

The EU’s tariffs on EV imports from China may encourage Chinese firms to raise investments into Morocco, whose auto sector is growing rapidly on the back of expansion plans from both Chinese and European firms. With plans to more than double auto output in the coming years, the sector is likely to provide a major fillip to Moroccan GDP growth. Elsewhere, Saudi Aramco’s recent share issuance fell a little short of expectations but it will provide important financing for the widening budget deficit.

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