drugs seizure

Morocco slams storming of Al-Aqsa Mosque

Morocco, whose King Mohammed VI chairs the Al-Quds Committee, condemns the storming of the Al Aqsa Mosque by a group of extremists, a source at the ministry of Foreign Affairs said. These acts of escalation are likely to stir up feelings and undermine appeasement efforts in the occupied Palestinian territories, the same source pointed out. […]

Combatting Tax Evasion: Switzerland set to include Morocco in its list of partner countries

The Swiss Federal Council is planning to add Morocco to its new list of partner countries in the fight against illicit financial flows and cross-border tax evasion. After approval of the competent authorities, entry into force of the automatic exchange of information on financial accounts (AEOI) is due in 2023. Ecuador, Georgia, Jamaica, Jordan, Kenya, […]

Morocco’s Central Bank maintains accommodative policy to promote growth

Morocco’s central bank kept its key interest rate unchanged at an all-time low of 1.5%, in a sign that it is more concerned about promoting growth, than curbing a high inflation caused by exogenous factors. The Bank said inflation would soar to 5% in 2022 and drop to 2% next year. Central Bank governor had […]