Morocco succeeded in connecting the water-rich Sebou basin with a dam in the Bouregreg basin that supplies Rabat and Casablanca. The project is planned to carry surplus water from Sebou basin all the way to the region of Marrakech in response to water scarcity and repetitive drought that emptied reservoirs. The waterway will help save […]
Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]
The Fourth Committee of the UN General Assembly adopted this week a resolution reaffirming its support for the political process conducted under the exclusive auspices of the United Nations for the settlement of the regional dispute over the Sahara. The resolution calls on all parties to cooperate fully with the UN Secretary-General and his personal […]
