Informal economy in Morocco

United Kingdom Backs Morocco’s Autonomy Plan as ‘Most Credible and Pragmatic’ Basis for Sahara Settlement

The United Kingdom reaffirmed its support for Morocco’s autonomy plan for the Western Sahara on Thursday, with Foreign Secretary Yvette Cooper describing it as ‘the most credible, viable, and pragmatic basis for peace’ in the territory following a meeting with Moroccan Foreign Minister Nasser Bourita in London. The statement consolidates a position that the UK […]

Massive ecstasy seizure at Nador Port sparks police probe

Nador’s police launched an investigation on Wednesday following the discovery of 76,841 ecstasy-type psychotropic pills hidden inside a cargo vehicle that had arrived from a European port. The seizure, carried out by National Police and Customs officers at the city’s port, prompted the Regional Judicial Police Brigade to open a probe under the supervision of […]

Moody’s downgrades Egypt’s rating to ‘B3’

Moody’s Investors Service cuts Egypt’s sovereign rating by one notch to B3 from B2, saying that it does not expect the country’s liquidity and external positions to rebound quickly. The change comes as the Arab country has continued to face a foreign currency shortage despite allowing the Egyptian pound to depreciate sharply in recent months. […]