Moroccan Banks

Africa at critical juncture: as China slows, continent needs to diversify economic partners

With Chinese lending to Africa shrinking, the continent must focus on increasing its internal trade, diversifying trade-able goods away from commodities, and developing and solidifying its relationships with other global economic partners, according to a senior official at the Asia Business Council. The continent has long had robust economic ties with China, but now faces […]

Algeria bans trade with Spain, scraps neighborliness treaty

Algeria ordered its banks to suspend processing all import and export operations with Spain, in a recent escalation that followed the suspension of a neighborliness treaty in retaliation against Spain’s sovereign decision in support of Morocco’s sovereignty over the Sahara region. The recent Algerian escalation came after Spanish Prime Minister Pedro Sanchez on Wednesday defended […]

Family Code: Morocco bars road for individual, extremist interpretations

In submitting some provisions of the new family code to be examined by the Higher Ulema Council, a constitutional body representing Moroccan Muslim scholars, King Mohammed VI bars the road to any individual interpretation or extremist exploitation of a law that should evolve in line with social developments. The Council shall issue a Fatwa, religious […]