Over 2000 Moroccans leave war-torn Ukraine

By March 1 at noon,  over 2000 Moroccans, mostly students, managed to leave the Ukrainian territory to neighboring countries, Moroccan foreign ministry said. Most crossings took place in Poland, followed by Romania, Slovakia and Hungary as Morocco dislocated its embassy and consular staff to Lviv, about 70 kilometers south of the Polish border. Prior to […]

Bank Al-Maghrib Expected to Hold Key Rate Steady Amid Middle East Uncertainty

Morocco’s central bank is widely expected to maintain its benchmark interest rate at 2.25% when its policy council convenes on March 17, in what would mark the fourth consecutive pause in the current monetary cycle. Despite domestic macroeconomic conditions that would ordinarily justify further easing, geopolitical turbulence stemming from the Middle East conflict has prompted […]

Morocco tightens grip on traffickers in border crossing with Mauritania

Morocco is stepping up its crackdown on traffickers in the border crossing with Mauritania, Guerguarat, which by the past witnessed tensions between Moroccan army and Polisario militias who attempted to hinder the flow of traffic. As the noose tightens on traffickers, a customs officer was attacked in his car by an unknown gang that also […]