World Bank

Moroccan Boxer Suffers Third Defeat in Libel Case against King’s Private Secretary

For the third time in a year, French justice has condemned the self-proclaimed kick boxing champion Zakaria Moumni for defamation against the Moroccan king’s private secretary, Mounir El Majidi. Last Wednesday (July 5), the 17th Civil Chamber of the Paris High Court sentenced Zakaria Moumni for defamation in the lawsuit brought against him by Mounir […]

Rwanda protests violation of air space by Congolese military jet

Rwanda has accused neighboring Democratic Republic of Congo (DRC) of violating its airspace by flying a fighter jet over its territory amid growing diplomatic tension between the two countries, Kinshasa calling for removing President Paul Kagame. “A Sukhoi-25 fighter jet from the Democratic Republic of Congo violated Rwandan airspace along Lake Kivu in the Western […]

Morocco Tightens Anti-Money Laundering Rules for Offshore Holding Companies

Morocco’s Exchange Office has published a Circular, introducing new vigilance and internal monitoring obligations for offshore holding companies operating within the kingdom’s offshore financial center framework. Economy and Finance Minister Nadia Fettah signed the circular on July 23, and it took effect immediately, applying under the law on combating money laundering and the law governing […]