Attijari Wafa bank

High Atlas earthquake damaged villages home to 2.8 million people

The earthquake that struck Morocco on September 8 damaged 2930 villages home to 2.8 million people, Minister in charge of the budget Fouzi Lekjaa said. In total, the 7 magnitude earthquake damaged 59,674 dwellings, including 32% that were totally destroyed, Lekjaa told MPs. Morocco had announced a reconstruction plan worth $12 billion (120 billion dirhams) […]

Tunisia risks inflationary spiral as president seeks Central Bank funding for state budget

Economists warned Tunisia could plunge into an inflationary spiral if the central bank accepts direct financing of the state budget. Inflation was already at 8.1% in December and is expected to further raise and take a monetary character if the central bank accepts direct funding of the government. Tunisia’s president Kais Saied has asked for […]

Morocco Reiterates Commitment to Strong Ties with Russia

Morocco has reiterated its commitment in favor of strong ties with Russia and its attachment to the strategic partnership between the two countries, which was established during a Royal visit in Moscow earlier this year. This came during a meeting in Rabat between Morocco’s Foreign Minister and the Russian Ambassador in Rabat. The Russian Ambassador, […]