Fitch: Deposits in Morocco Islamic Banks to Grow up to 10 %

Islamic banking products in Morocco could expand their deposit bases by 5 to 10 pc, says Fitch Ratings, noting that the ability to grow the deposit base is positive for Morocco’s economic development because deposits represent about 70% of banking sector funding. “We expect growth of participation banks in Morocco will be high initially, as […]

The Roots of the Moroccan-Algerian Discord: Historic Rights vs the Inviolability of Colonial Borders

Following the Moroccan Monarch’s speech on the occasion of the Green March, a recurrent spat sparked in the Moroccan and Algerian press reflecting the increasing tension between the two countries. Yet, the causes of the Morocco-Algerian discord remain largely misunderstood, because most analyses on the issue focus on the symptoms rather than on the deep […]

IMF Chief impressed by economic progress in Morocco, a shining example of Africa’s greatest potential

The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]