Morocco-Pacific-Islands-States-third Forum

Morocco’s Central Bank keeps interest rate unchanged due to Global & Domestic Situation

Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]

Egypt halts fertilizer production amid Israeli gas disruption triggered by Iran strikes

Egyptian fertilizer manufacturers were forced to suspend operations over the weekend after a major drop in natural gas imports from Israel, industry sources told Reuters. The disruption followed Israel’s military strikes on Iranian nuclear facilities, prompting the shutdown of key Israeli gas fields, including Leviathan and Karish. In response, Egypt’s Petroleum Ministry activated an emergency […]

UK MP commends Moroccan King’s vision for stability & democracy

Chairperson of UK-Morocco Parliamentary Friendship Group Heather Wheeler has commended King Mohammed VI’s vision for strengthening stability, democracy and building a strong inclusive economy. This Royal vision will make Morocco UK’s “strategic partner in Africa,” said on Tuesday in Rabat the Conservative MP following her meeting with Moroccan Foreign minister Nasser Bourita. She also praised […]