FDIs attracted by Morocco rose by 15.4% in 2017 to stand at 24.4 billion dirhams ($2.4 billion) compared to 21.2 billion in 2016, Morocco’s foreign exchange regulator, Office des Changes said. In a recent report, the office noted that remittances by Moroccans living abroad increased 4.5% to hit 65.4 billion dirhams in 2017. The Office […]
Morocco’s Central Bank has decided to maintain the key interest rate unchanged at 2.25 percent due to deceleration in food prices and a slowdown of inflation from 2 % on average in the first quarter of this year to 0.7 % in April and 0.4 % in May. The decision was made by the Bank’s […]
Algerian Minister of Industry, Abdesslam Bouchouareb has been cited in the Offshore Financial scandal revealed on Sunday by the International Consortium of Investigative Journalists (ICIJ.) Bouchouareb is so far the only Algerian leader to be leaked. According to ICIJ’s cache of 11.5 million records, the Algerian minister owns an offshore company in Panama known as […]
