RAm electronics

Spain: Moroccan arrested for funding IS in Syria

Spanish Interior Ministry Wednesday announced the arrest of a 43 year-old Moroccan man in the province of Girona, in Catalonia, for sending money to the Islamic State group (IS) in Syria. The man living in the village of Arbúcies was an important member of a network collecting money for militants of the terrorist group, with […]

Fitch downgrades three Moroccan banks

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 […]

Libya: International community condemns ISIS’s actions, Libyan factions prepare quick responses

The international community voiced consternation Sunday over the beheading of 12 people by ISIS in the Libyan coastal city of Sirte and France, Germany, Italy, Spain, the U.S. and the U.K. condemned the terrorist group’s acts as “barbaric” in a joint statement. following the beheading of 12 local militiamen fighting ISIL in the city of […]