JORDAN-VALLEY

Morocco to upgrade its F16 fleet for $250 million

The US has approved the upgrade of Morocco’s F16 fleet with defense equipment components for $250 million to ensure the continuation of sustainment of its fighter jets. The deal also covers personnel training and training equipment, and publications and technical documentation will also be provided. Following the approval, the Defense Security Cooperation Agency (DSCA) notified […]

Moroccan banks report record profit in 2024

Moroccan banking activity improved in 2024 with major banks reporting record profits totaling $2.3 billion, a 21.3% increase compared with the previous year. The net profit attributable to shareholders rose by nearly 20% to 19.2 billion dirhams ($2 bln). The growth was spurred by the recovery in banking activity, cost reduction, and contained risk cost. […]

UNSG reaffirms Algeria’s role in Sahara issue, preeminence of Morocco’s autonomy initiative

The United Nations Secretary-General, Antonio Guterres, has recently submitted a report on the Sahara issue to the UN General Assembly, covering the period from 2011 to 2020, reaffirming Algeria’s role as the main party to the regional dispute, as established by the Security Council, in several of its resolutions, and the preeminence of the Autonomy […]