King Mohammed VI and Turki Al-Sheikh

Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024

Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 percent in 2024, before rebounding to 4.3 pc in 2025. During its first meeting of 2024 held Tuesday in Rabat, the Board of Bank Al Maghrib said the key rate […]

Libya: Moroccan BMCE Bank set to attract new investors

Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]

Libya: Five Oil Fields Closed Down as IS Attacks Loom

Five oil fields in Libya have been reportedly closed down for low production and security reasons as IS attacks on the installations are looming. Four oil fields were closed down while workers at the fifth went on strike demanding better security protection, reported the media on Monday quoting military sources. “Four oilfields were evacuated in […]