DRC new attack near beni

Morocco: Imported inflation leaves little room for fiscal or monetary intervention

Morocco, like most energy importing countries, is facing the fallout of an imported inflation that sent up the prices of basic commodities in the international market. In July, prices rose to 7.7% year on year, according to the national statistics agency. The increase has been felt mostly in food prices and transport cost which rose […]

FC Injects $50 Million in Moroccan Home Builder Group

The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]

US State Department displays Morocco’s undivided map on its international travel information website

The US Department of State has updated Morocco’s undivided map, including the Sahara southern provinces, on its international travel information website. Regarding the international Covid crisis, the State Department website places Morocco in the yellow zone, while Algeria is cataloged in the red zone for terrorism, kidnapping as well as for the Covid 19 virus. […]