King Mohammed VI chaired a meeting on the measures to ensure water supply amid a severe drought that left many key dams empty. Speaking at the meeting, water minister Nizar Baraka said dam filling rate dropped to a critical 23.2% so far in January, compared to 31.5% in the same period last year, due to […]
Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]
The four-year fisheries accord sealed between Morocco and Russia covers the Sahara territorial waters. The deal, which will expire on October 31, has been extended till end of 2024. Talks have been launched by the two countries for the renewal of the agreement for another four years starting 2025. Morocco affirms that it will never […]
