LNA spokesman Ahmad al-Mismari

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 […]

Gulf Countries Reiterate Support for Morocco’s Territorial Integrity

They renew backing to the Morocco-proposed autonomy initiative as a compromise solution to the Sahara issue. Saudi Arabia, Kuwait, the UAE, and Bahrain have renewed their backing to Morocco’s position on the Sahara issue, to its territorial integrity, and to its sovereignty over its southern provinces.   In their addresses on Monday before the UN […]

Morocco sets pace for covid-19 vaccination in Africa

As the world is racing to stem the spread of the deadly pandemic with vaccination campaigns, the kingdom of Morocco appears to have taken the lead on the African continent with several deals to secure the most effective vaccines and with an early vaccination plan, French media Le Point notes. Indeed, the North African country […]