The International Monetary Fund has vowed to remain closely engaged with Morocco as the authorities address the impact of the coronavirus pandemic. This came in a communiqué issued by the IMF confirming that the North African country drew the $3 billion available resources under the arrangement. The authorities will use funds purchased under the PLL […]
The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), has signed an agreement with Riyad Bank to acquire a SR500 million ($133.13 million) real estate financing portfolio, reports say. Fabrice Susini, CEO of SRC and Tareq Al-Sadhan, CEO of Riyad Bank signed the deal in the presence of of […]
Morocco’s Royal Office has issued this Monday a statement warning the Secretariat General of the Justice and Development Party (PJD) over “irresponsible excessive views and dangerous approximations” concerning Morocco’s relations with Israel,” pointing out that the instrumentalization of the Kingdom’s foreign policy in a domestic partisan agenda constitutes “a dangerous, unacceptable precedent,” and recalling that […]
