King Mohammed VI and King felipe-vi Feb 13 2019

COVID 19: EIB Supports Moroccan Private Sector with €440 million

The European Investment Bank Group (EIB) announced a financial support for the private sector in Morocco worth €440 million, notably through its credit lines with Moroccan financial institutions. The loan is intended to assist Morocco in addressing the impact of COVID-19 on the economy. “These credit lines dedicated to financing the private sector would be […]

Morocco’s competition council fines fuel distribution companies $180 mln for price fixing

Morocco’s competition council issued a fine of 1.8 billion dirhams or 180 million dollars against nine fuel supply, distribution, and storage companies for their failure to respect fair competition standards in the county. The council did not unveil the name of the nine companies in its statement but said it had reached an agreement with […]

PLO official commends Moroccan King’s firm & unwavering positions, Morocco renews commitment to Palestinian cause

Secretary General of the executive committee of the Palestine Liberation Organization (PLO) Hussein Al-Cheikh has commended the firm and unwavering support of King Mohammed VI to the Palestinian cause and the establishment of an independent Palestinian state. “The Moroccan stance regarding the establishment of an independent Palestinian state with East Jerusalem as its capital is […]