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Morocco’s central bank asks banks to freeze distributing dividends

Morocco’s Central Bank, known as Bank Al Maghrib, asked banks not to pay 2019 dividends to shareholders in order to boost their capacity to dealing with the coronavirus repercussions. This recommendation comes after a series of measures including boosting three-fold bank’s refinancing capacity and measures to make loans more accessible for households and companies, the […]

Morocco’s Role in Preserving Jerusalem’s Identity Hailed During UN General Assembly

The Arab world group at the United Nations praised, during the emergency special session of the UN general assembly on Jerusalem held Thursday, the role of the Al-Quds Committee, under the chairmanship of King Mohammed VI, in the preservation of the Arab identity, character and demographic composition of the holy city. The emergency special meeting […]

Morocco’s King, Commander of the Faithful, commemorates Laylat Al Qadr

King Mohammed VI, Commander of the Faithful, accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, commemorated on Thursday Laylat Al Qadr, the 26th day of Ramadan. On this religious occasion, the King performed the prayers of Al-Icha and Taraouih. The minister of Endowments and Islamic Affairs proceeded to the closing of “Sahih […]