Tag: Morocco

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

March 24, 2022

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of ... Read More

World Bank ready to strengthen support to Morocco’s development efforts- WB President

March 24, 2022

The World Bank is ready to strengthen its support to Morocco's economic and social development efforts, said Wednesday in Rabat, President of the World Bank ... Read More

US Secretary of State reportedly expected in Morocco next week part of a Mideast tour

March 24, 2022

US Secretary of State Antony Blinken is expected in Morocco next week, as part of a regional tour in the Middle East, reported Wednesday, the ... Read More

IEA supports Morocco’s decarbonization plan & energy transition

March 24, 2022

Morocco and the International Energy Agency (IEA) have signed a new cooperation program focusing on energy efficiency, energy security and climate resilience. Under the 2022-2023 ... Read More

Morocco, Israel pave way for cooperation in aerospace industries

March 24, 2022

Morocco and Israel signed a partnership agreement that will help attract investments by Israeli civilian and defense aerospace giant IAI's. The deal was signed in ... Read More

Spain’s backing of Morocco’s Autonomy Initiative stems from a wish to contribute to settlement of Sahara conflict (Spanish FM)

March 23, 2022

By backing the Moroccan autonomy initiative as "the most serious, realistic and credible basis for resolving the dispute" over the Sahara, Spain wants to contribute ... Read More

Morocco starts giving subsidies to transport professionals

March 23, 2022

The Moroccan government started distributing subsidies to professionals in the transport sector to help mitigate the impact of the surge in energy prices on the ... Read More

Morocco’s economic growth to drop to 0.7% due to drought, war in Ukraine

March 23, 2022

Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as ... Read More

Moroccan Foreign Minister holds phone talks with his Russian and Ukrainian counterparts

March 23, 2022

Morocco’s Foreign Minister Nasser Bourita had separate phone conversations with his Russian and Ukrainian counterparts, Sergei Lavrov and Dmytro Kuleba, on Tuesday, March 22, 2022. ... Read More

Automotive: Japanese Sumitomo moves production to Morocco due to Russia-Ukraine war

March 23, 2022

Japanese Sumitomo Electric Industries has decided to move its production of automotive wire harnesses to Morocco and Romania due to the Russian-Ukraine war and heightened ... Read More