Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]
The breakthrough in the Gulf Cooperation Council with the resumption of normal ties between Saudi Arabia and Qatar vindicates Morocco’s wise diplomacy and its neutral stance vis-a-vis the Qatar blockade by its neighbors. The restoration of normal diplomatic ties between Saudi Arabia and Qatar came after the reopening of Borders and was further sealed at […]
Morocco expressed commitment to making the 2030 FIFA World Cup a global benchmark for environmental sustainability and social inclusion, head of the tournament’s organizing committee Fouzi Lekjaa said. The World Cup, to be co-hosted with Spain and Portugal, is being described as a “Green World Cup,” he told a conference at the Mohammed VI Polytechnic […]
