German chancellor Angela Merkel & Libyan Khalifa Haftar

Morocco’s Central Bank Maintains Key Interest Rate Unchanged at 2.25%

Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]

Casablanca maintains anti-coronavirus restrictive measures for two more weeks

Authorities have extended the restrictive measures to contain the coronavirus for the second time for two more weeks as the city remains the hardest hit by the virus in the country. Recently, over 40% of total cases registered in Morocco were found in Casablanca, Morocco’s most populous city and its economic powerhouse. On September 7, […]

Tanger-Med Police Foil Ecstasy Pills Smuggling Operation

Security forces at the Tanger-Med Port have thwarted an attempt to smuggle a large quantity of synthetic drugs into Morocco, in a joint operation between Morocco’s national police and customs services on Friday. According to a security source, border inspection and search procedures led to the seizure of 140,000 ecstasy pills that had been carefully […]