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Laurent-Graciet Case: French Appeal Court Admits Incriminating Evidences

French appeal court of Reims ruled this Thursday that the evidences provided by lawyers of King Mohammed VI of Morocco against two French blackmailers, journalists Eric Laurent and Catherine Graciet, are admissible and thus will be taken into consideration in the legal proceedings. The ruling upholds a prior decision issued by the Court of appeal […]

BCP Bank, AfDB Join Efforts in $100 mln Deal to Enhance African Trade

Morocco’s BCP Bank and the African Development Bank teamed up in a $100 million agreement to boost trade between African countries. The deal (risk participation agreement) provides for cooperation to promote trade between African states by meeting the growing demand on financing transactions in the continent, the Moroccan bank said in a statement. The BCP […]

Morocco’s Foreign Exchange Reserves Stand at 201.5 Bln Dirhams by July 2017

Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]