Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]

UNESCO vote highlights Morocco’s rising influence, Algeria’s diplomatic decline

Morocco has secured a sweeping victory in the recent UNESCO Executive Board elections, winning 146 votes and reaffirming its global diplomatic standing. In stark contrast, Algeria failed to obtain a single vote, underscoring a deepening diplomatic isolation. The outcome reflects growing international support for Morocco’s strategic vision, led by King Mohammed VI, which emphasizes intercultural […]

Morocco leads North Africa in economic freedom despite structural challenges

Morocco has secured the top position in North Africa for economic freedom, ranking 101st globally out of 196 countries in the 2025 Nomad Capitalist Freedom Index, though structural obstacles continue to limit its full economic potential. The tax and migration advisory firm’s index evaluated countries across five pillars: financial freedom (30 percent), asset protection (25 […]