ministers council

Morocco’s Dakhla Atlantique port reaches 62% completion

Construction of Morocco’s Dakhla Atlantique port complex has reached 62% completion, project director Nisrine Iouzzi said, highlighting progress on a major offshore project set to boost regional trade and support emerging energy industries. The port, designed as an island facility in open sea, is planned to serve as a key maritime and logistics hub linking […]

Morocco: House of Representatives Takes Action against Absentees

The Moroccan House of Representatives has published the names of thirteen MPs who skip most parliamentary meetings without providing a valid reason and decided to make a cut in their salary, according to local press reports. The MPs of the Authenticity and Modernity Party (PAM) top the list of the absentees followed by those of […]

Morocco to introduce secondary market for non-performing loans

Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]