Bouteflika

Fitch agency: Moroccan Banks Net Income Reaches Record Levels 2023

Moroccan banks’ profitability continued to recover strongly in 1st half of 2023, with aggregate net income reaching record levels, says Fitch rating agency, noting that the positive trend should continue in 2nd semester due to higher interest rates and loan book growth. The seven largest banks’ aggregate net income increased by 28% yoy in 1st […]

US-Morocco military drills in Sahara, a blow to Algerian-sponsored propaganda

International troops taking part in the African Lion exercise in Mahbes in the Moroccan Sahara as well as the international media attended live rocket firing and paratroop deployment in an area that the Polisario claimed to have targeted in yet a new blatant lie. About 40 kilometers away from the rear base of the separatist […]

Morocco moves to next step in dirham flexibility reform

Morocco moves on Monday March 9 to the next step in its currency reform broadening the fluctuation band for the dirham to 5% from 2.5% amid positive macro-economic conditions and enough international reserves, the finance ministry said. The North African country launched a gradual floating of its currency in January 2018, raising the official band […]