IMF Approves $2.9 Billion for Morocco under PLL arrangements

The International Monetary Fund (IMF) has approved $2.9 billion for Morocco Under the Precautionary and Liquidity Line (PLL) that will provide insurance against external risks, support Moroccan efforts to reduce fiscal, external vulnerabilities and promote more inclusive growth. Despite a sharp pick up in global oil prices, Moroccan authorities have reduced fiscal and external vulnerabilities […]

UAE: Iran occupies and violates UAE sovereignty, Arab League

The Council of the Arab League has condemned Iran’s “occupation” of three disputed islands in the gulf and has called Tehran to hand them over to the United Arab Emirates (UAE). The Arab League Council expressed support to all peaceful means and measures taken by the UAE to restore its sovereignty over the three disputed […]

African food crisis, Morocco comes to the rescue

The announcement by Morocco’s phosphates and fertilizers producer OCP to double its soil nutrient exports to Africa was a boon for a continent that bears the brunt of the surge in commodities prices due to the Russia-Ukraine war. OCP said last week it will bolster its fertilizers exports to Africa to 4 million tons in […]