Lalla Hasna in New-york 2019

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Algeria-Morocco Petrol Smuggling Suppressed

Over the past thirty years, the inhabitants of Moroccan Oriental province have enjoyed unlimited cross-border ‘trade’ in petrol with neighboring Algeria. All-purpose petrol smuggling has been thriving even though the border has been officially closed since 1994 due to the murder of two Spanish tourists, who were allegedly killed by Algerian extremists. The border crossing […]

Morocco’s King renews call to Algeria to normalize relations, open borders

King Mohammed VI of Morocco has once again reached out to Algeria, renewing his call to normalize relations between the two neighboring countries, to open borders, and to make the logic of wisdom prevail to remedy an anachronistic situation. “I reiterate my sincere call to our brothers in Algeria for us to work together, without […]