security council

Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%

The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]

Morocco’s foreign exchange reserves improve by 16.1% in October

Morocco’s foreign exchange reserves rose 16.1% compared to the same period last year, the Central bank, Bank Al Maghreb said. By October 14, Morocco’s foreign exchange reserves stood at 250.1 billion dirhams up from 248.9 billion dirhams registered in the first week of September, the central bank said in its weekly statistics. This improvement of […]

Libyans willingly disarm themselves

Results of a campaign to collect arms and ammunitions from civilians is considered to be encouraging after hundreds of them handed over their weapons to national army troops stationed in Tripoli, Benghazi, Zintan and Yefrin. The action is in line with the government’s ambitions to curb the level of insecurity in the country after an […]