Bank Al-Maghrib

Morocco to start distributing aid to needy families before end of 2023

Morocco will start offering direct financial aid to poor families before the end of the year as part of a program to foster social safety nets, head of the Moroccan government Aziz Akhannouch said. Speaking at the first cabinet meeting after the summer break, Akhannouch said the government would distribute the aid on the basis […]

Moroccan government, central bank at odds over inflation

Morocco’s central bank and the Moroccan government are pursuing policies that are triggering opposite impacts on inflation. As the central bank tightens its monetary policy by raising the key interest rate for the third time in a row to 3%, the government continues its expansive budgetary policy in line with its goals to spur private […]

Egypt launches gold investment Fund

Egypt’s Financial Regulatory Authority’s (FRA) has launched the country’s first gold investment and first ever minerals investment Fund. The fund is part of the FRA’s plans to support the government’s efforts to boost financial and investment inclusion and develop an inclusive non-banking financial sector with a catalytic role in enhancing the economy, Arab Finance reports. […]