Morocco to Set Up Market for Non-Performing Loans to Strengthen Financial Stability

Morocco is planning to set up a market for non-performing loans (NPLs) offering the possibility of buying and selling of unpaid loans beyond set deadline. Banks can sell NPLs to reduce risk, free up capital, and maintain profitability, while investors seek to profit by restructuring or recovering value. Morocco’s Central bank, Bank Al-Maghrib, has been […]

Moroccan Government Promises Economic Alternatives to Illegal Mining in Jerada

Head of the Government, Saad Eddine El Otmani, Saturday, visited the eastern town of Jerada, which has witnessed unrest and protest in the wake of the death of three miners in abandoned mines late last year and promised economic alternatives benefiting the locals. During his visit, which came following a study by the mining ministry […]

Algeria withdraws from a meeting because of display of Morocco’s undivided map including the Sahara

An Algerian delegation withdrew from an online meeting, held in Rabat on Tuesday, April 6, by customs directors in North Africa and the Middle East. An Algerian delegation withdrew from the Regional Meeting of General Directors of Customs in North Africa, the Near and Middle East held on Tuesday, April 6.   The decision to […]