Global rating agency Fitch has affirmed Morocco’s Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB-‘, Long-term local currency IDR at ‘BBB’, and Short-term foreign currency IDR at ‘F3’. The agency has also given the North African Kingdom a “stable outlook” and affirmed the country ceiling at ‘BBB’. Morocco’s ‘BBB-‘ rating is supported by a […]
A son of the former Libyan dictator Muammar Gaddafi has doubled down on his claim that ex-French president Nicolas Sarkozy was paid millions of euros in exchange for political and economic favors. Saif al-Islam Gaddafi has told French broadcaster RFI that he was personally involved in giving Sarkozy suitcases containing about 5 million euros for […]
The European Investment Bank (EIB) has provided Moroccan CIH Bank with a €60 million funding destined to support SMEs affected by the global health crisis generated by Covid-19 pandemic. The two financial institutions signed on Wednesday an agreement to support Moroccan companies to stimulate the economic recovery from the impact of the pandemic. The EIB […]
