Morocco’s central bank is expected to take more monetary easing steps in the second half of this year by cutting the benchmark rate to 2.25% from 2.75% currently, Fitch Solutions said. “We forecast that BAM will cut its policy rate in another two steps of 25bps in September and December 2024, to 2.25% by end-year […]
A breakthrough may be near in the long-running crisis that forced Morocco’s sole oil refinery Samir into closure after the court-appointed manager of the refinery received a buyout offer totaling $3 billion, several media reports said. The trustee running the company Mohamed El-Krimi was reported in the media as saying that he expects more expressions […]
A Tunisian court has banned the crew of the vessel which sank last Saturday in the Gulf of Gabes, with 750 tons of diesel fuel in its tanks, to leave amid ongoing investigations. Mohamed Karray, the spokesperson of Gabes Court of First Instance, Wednesday told local radio Mosaique fm that authorities have detained skipper Georgian, […]
