EU spokesman Peter-Stano

Moroccan authorities catch 7 tons of cannabis on Mauritanian borders

Moroccan authorities foiled a smuggling attempt of 7 tons of cannabis resin (locally known as chira) as Morocco tightens grips of all sorts of trafficking on its southernmost border crossing of Guerguarate.   The banned substance was concealed in a large truck bound to Sub-Saharan markets, the Moroccan police said in a statement.   According […]

Moroccan Banks: Profits hit MAD 3.4 billion in 2019 first quarter

At the end of the first quarter of 2019, Morocco’s banking sector posted a 6% increase in profits compared to last year, with 3.4 billion dirhams (MAP). The first three months of the year 2019 were favorable for the banking sector, states local daily, l’Economist, in its Monday issue. Overall income of the banking sector […]

Morocco’s Commitment to Promoting Intra-African Trade Highlighted in Washington

Morocco’s commitment to promoting trade between African countries has been highlighted during the Frontier 100 forum of initiative for Global Development (IGD) held recently in Washington. “Thanks to its geostrategic position, Morocco plays a key role in inter-regional trade. It serves as a bridge between the Maghreb, West Africa and the rest of the continent,” […]